851 Mount Pleasant Rd, Waycross, GA 31503

Property Description

TInvestment Opportunity – 24-Lot Mobile Home Park | 11% Cap RateThis 24-lot mobile home park offers a strong mix of current income, operational stability, and value-add potential.Financial Overview:Annual Gross Rent: $91,500Annual Net Income: $76,845.62 (as of 03/31/2026)Cap Rate: 11%Average Rent (Park-Owned Homes): $625/monthCurrent Occupancy:13 park-owned mobile homes – tenant occupied1 tenant-owned home – long-term lot rentMajority of tenants are under lease agreementsTenants pay utilitiesValue-Add Opportunities:3 abandoned homes (seller actively working to secure titles)1 unit down to shell – ready for remodel1 additional home in need of renovationExpansion Potential:5 vacant lots with existing water, sewer, and electrical already in placeMarket lot rent for these sites estimated at $250–$350/monthOpportunity to add park-owned homes or expand lot rent portfolioOperations:Currently managed by a professional property management company, offering a turnkey investment opportunity for new ownership. With infrastructure in place and multiple avenues to increase revenue, this property is well-positioned for an investor seeking immediate cash flow with upside through expansion and improvements.