56 Egypt Road
- 10 units - all Lot Rent Only
- 100% occupancy
Property Description
Camellia Estates Mobile Home Park is a well-positioned mobile home park located in the quiet and desirable northeast Thomas County area of charming southwest Georgia. This proven, stabilized, and affordable investment represents an excellent opportunity to add to or start a portfolio, with minimal effort required to begin collecting income immediately upon closing. The property consists of 10 single-wide mobile home lots, all operating under a lot-rent-only model. Nine lots rent at $350 per month, while the manager’s lot rents at $300 per month, providing on-site oversight at a discounted rate. All mobile homes are tenant-owned, significantly reducing landlord responsibilities and ongoing maintenance exposure. Proforma cap rate of 10.53% at 30% operating expense factor. Infrastructure includes a shared deep well, individual septic tanks for each unit, and a private dirt interior road. Tenants are direct-billed by the utility company for their own electricity and internet, while the landlord provides dumpster service. The total site spans approximately ±4.197 acres, offering low density and a quiet residential setting. The site is at full density now - no room for expansion. Camellia Estates offers stable cash flow with limited landlord duties, making it an attractive hands-off investment. Rent roll and financials are available to qualified prospects. With its simplified operations, tenant-owned homes, and established occupancy, this property is well-suited for investors seeking reliable income in a growing secondary market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $275,000 |
| No. of Units: | 10 |
| Average Occupancy: | 10.54 |
| Lot Size: | 4.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $27,500 |
| Property Website | Click Here |
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Lenders
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout