Boneville Estates presents a compelling below-market acquisition at $49,382 per unit, featuring a 34-site manufactured housing community on 27.74 acres in Thomson, Georgia. The property offers a clear path to full stabilization with immediate NOI growth potential. The community features 33 of 34 park-owned homes (27 SW, 6 DW), giving ownership full control of both lot and home rent with flexibility to push rents to market on their timeline. With 28 paying tenants in place and five units in active renovation, an investor can unlock near-term stabilization upside by completing turnover and leasing vacant homes at pro forma rents of $750/month. Minimal utility exposure, electric is individually metered and direct-billed, and public water lots are tenant-paid - keeps operating costs low and scalable as the park stabilizes.