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Boneville Estates 1081 Davis Cir 34 Unit Mobile Home Park $2,280,082 CAD ($67,061 CAD/Unit) 7.60% Cap Rate Thomson, GA 30824
Investment Highlights
- Value-Add Acquisition at Below-Market Basis
- Dominant Park-Owned Home Inventory
- Strong Upside Through Lease-Up of Renovated Units
- No Rent Control
Executive Summary
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.
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.
Property Facts
| Price | $2,280,082 CAD | Building Class | C |
| Price Per Unit | $67,061 CAD | Lot Size | 27.74 AC |
| Sale Type | Investment | Building Size | 1,208,354 SF |
| Cap Rate | 7.60% | 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 | $2,280,082 CAD |
| Price Per Unit | $67,061 CAD |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| 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 | $17,111 CAD |
| Land Assessment | $25,813 CAD | Total Assessment | $42,924 CAD |
Property Taxes
Parcel Number
00630 00000 126 A00
Land Assessment
$25,813 CAD
Improvements Assessment
$17,111 CAD
Total Assessment
$42,924 CAD
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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