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.