56 Egypt Road 10 Thomasville, GA 31757
Listing Courtesy of: VALDOSTA/SOUTH GEORGIA / Coldwell Banker Premier Real Estate / John Courson - Contact:  2292443535

  56 Egypt Road 10 Thomasville, GA 31757

Active (116 Days)
$249,900

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!

MLS #:
143339
Lot Size
4.2 acres
Type
Multifamily
County
Thomas County

Listed By

John Courson, Coldwell Banker Premier Real Estate, Contact: 2292443535
Source
VALDOSTA/SOUTH GEORGIA
Last checked Apr 4 2025 at 3:13 AM GMT+0000
Bathroom Details
Subdivision
  • Thomas County
Heating and Cooling
  • Other
Basement Information
  • No
Exterior Features
  • Other
Utility Information
  • Utilities: Shared Well
  • Sewer: Septic Tank
Parking
  • 3+ Cars
Stories
  • 1
Additional Information: Premier Real Estate | 2292443535
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 12, 2025
Price Changed
$249,900
-6%
-15,100
Disclaimer: Copyright 2023 Valdosta Board of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/21/23 09:29