56 Egypt Road, Thomasville, GA 31757

Description: Camellia Estates Mobile Home Park is a well positioned mobile home park in quiet and desirable northeast Thomas County of charming southwest Georgia! Proven, stabilized and affordable investment to start up or add to your portfolio with little to nothing needed to be done to start collecting on closing day! 10 mobile homes on site in a combination of 7 paying lot rent - 3 of which are on rent to own (RTO) scenario, and 1 manager unit. All 10 MHs are single-wides that share deep well and have individual septic tanks. Tenants are direct billed from utility company for their own electricity / internet, private dirt interior road, and LL provides dumpster service. Total site is 4.197 acres. 7 tenant-owned MHs pay $255 / month lot rent, 2 park owned MHs tenants pay market rents of $390 & $450, 1 long time on-site property manager gets free rent in a park owned MH in exchange for lawn care, maintenance coordination and other PM duties. 2 RTO MHs are closing in on upcoming maturation dates ($2,580 total balance remaining). Rent Roll and financials available to qualified prospects - valuation is 9.45% cap rate at $2,625 current rents when RTO balances are paid in full and 25% operating expense factor. Upside / value-add play here with bumping lot rents to $300 and collecting PM rent at market rate pushes this to 12.8% cap with minimal LL duties and maintenance!

4.1970 Acres

8608 Sq.Ft

South Georgia MLS Listing Number: 143339