56 Egypt Rd Unit 10 Thomasville, GA 31757
Property details
About 56 Egypt Rd Unit 10
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!
Highlights
Summary
- MLS Number: 143339
- MLS Name: SouthGeorgiaMLS
- Office Name: COLDWELL BANKER PREMIER REAL E
- Office Phone: (229) 244-3535
- Listing Agent: John Courson
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 3:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$249,900
56 Egypt Rd Unit 10
$2,968
closing credit¹
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Price information
Property sales
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Nearby schools
6
Cross Creek Elementary School
Public District 3-4
8.2 mi
•324 Clark Rd
5
Scott Elementary School
Public District PK-5
10.2 mi
•100 N Hansell St
7
Jerger Elementary School
Public District PK-5
10.6 mi
•1006 S Broad St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,819. Most Thomasville, GA residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Monster Trucks
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Ram
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
This home is located at 56 Egypt Rd Unit 10 in Thomasville, GA and zip code 31757. This 8,608 square foot home sits on a 4.20 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $249,900.
Over 4 listings were sold over their listed price in February 2025 in Thomasville, GA. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Thomasville, GA increased by 19.9% between January and February 2025. In February 2025, listings were on the market for 139 days. During the same period, the median list price in this real estate market was $259,000.