1081 Davis Cir - Manufactured Housing/Mobile Housing FOR SALE


Thomson, GA 30824
$1,595,000 USD
279-399-4455
1081 Davis Cir, Thomson, GA for Sale
$1,595,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/14
null | 7.98% Cap Rate

1081 Davis Cir
Thomson, GA 30824


HIGHLIGHTS

  • Clear path to a 10.05% pro forma cap on $160,359 stabilized NOI
  • 33 of 34 homes park-owned - control of lot + home rent
  • No rent control in Georgia — in-place rents $550–$900 mark to market
  • 5 homes in active renovation · vacant homes underwritten at $750/mo
  • ±27.74 acres · ~1.2 sites/acre · room to expand
  • Augusta MSA · I-20 corridor · Fort Eisenhower & Savannah River Site demand

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$1 USD /SF

# OF UNITS

34

PRICE/UNIT

$46,912

CAP RATE

7.98%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boneville Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

27.74 AC

LAND SF

1,208,354 SF

ZONING

R1

APN/PARCEL ID

00630 00000 126 A00

ASK ABOUT THIS PROPERTY

Nolan RockwellCommercial Real Estate Investors IncMore Info
279-399-4455

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Nolan RockwellCommercial Real Estate Investors IncMore Info
279-399-4455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.