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Boneville Estates 1081 Davis Cir 34 Unit Mobile Home Park $1,595,000 ($46,912/Unit) 7.98% Cap Rate Thomson, GA 30824
Investment Highlights
- Clear path to a 10.05% pro forma cap on $160,359 stabilized NOI
- No rent control in Georgia — in-place rents $550–$900 mark to market
- ±27.74 acres · ~1.2 sites/acre · room to expand
- 33 of 34 homes park-owned - control of lot + home rent
- 5 homes in active renovation · vacant homes underwritten at $750/mo
- Augusta MSA · I-20 corridor · Fort Eisenhower & Savannah River Site demand
Executive Summary
Boneville Estates is a 34-space, all-age manufactured housing community in Thomson, Georgia (McDuffie County), positioned on the I-20 corridor approximately 35 miles west of Augusta. The community is now offered at $1,595,000 — $46,912 per unit — and produces $127,306 of in-place NOI, a 7.98% cap, with a clear path to a 10.05% pro forma as renovated and vacant homes lease up.
Thirty-three of the thirty-four homes are park-owned, providing an operator with control of both lot and home rent. Georgia has no rent control, and in-place rents of $550–$900 sit below market. Five park-owned homes are in active renovation; vacant homes are conservatively underwritten at $750/mo. Set on ±27.74 acres at roughly 1.2 sites per acre, the property offers low density and room to grow, within a demand corridor anchored by Fort Eisenhower, the Augusta health-sciences economy, and the Savannah River Site.
Listed by CRI Brokerage in cooperation with Jennifer Stein Real Estate. Buyer to verify all information.
Thirty-three of the thirty-four homes are park-owned, providing an operator with control of both lot and home rent. Georgia has no rent control, and in-place rents of $550–$900 sit below market. Five park-owned homes are in active renovation; vacant homes are conservatively underwritten at $750/mo. Set on ±27.74 acres at roughly 1.2 sites per acre, the property offers low density and room to grow, within a demand corridor anchored by Fort Eisenhower, the Augusta health-sciences economy, and the Savannah River Site.
Listed by CRI Brokerage in cooperation with Jennifer Stein Real Estate. Buyer to verify all information.
Property Facts
| Price | $1,595,000 | Building Class | C |
| Price Per Unit | $46,912 | Lot Size | 27.74 AC |
| Sale Type | Investment | Building Size | 1,208,354 SF |
| Cap Rate | 7.98% | Average Occupancy | 82% |
| No. Units | 34 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R1 - Residential | ||
| Price | $1,595,000 |
| Price Per Unit | $46,912 |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 27.74 AC |
| Building Size | 1,208,354 SF |
| Average Occupancy | 82% |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R1 - Residential |
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 00630 00000 126 A00 | Improvements Assessment | $12,600 |
| Land Assessment | $19,008 | Total Assessment | $31,608 |
Property Taxes
Parcel Number
00630 00000 126 A00
Land Assessment
$19,008
Improvements Assessment
$12,600
Total Assessment
$31,608
Contacts
-
Nolan Rockwell -
Thomas Beniamen -
Pierce Brazil -
Dylan Brazil -
Dimitre Petrov -
Commercial Real Estate Investors Inc
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Boneville Estates | 1081 Davis Cir
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