851 Mount Pleasant Road, Waycross, GA 31503

This 24-lot mobile home park in Waycross, GA, presents an investment opportunity with a mix of current income, operational stability, and value-add potential. The property has an annual gross rent of $91,500 and an annual net income of $76,845.62 (as of 03/31/2026), with an 11% cap rate. The current occupancy includes 13 park-owned mobile homes that are tenant-occupied and 1 tenant-owned home with long-term lot rent. The majority of tenants are under lease agreements, and tenants are responsible for utilities. Value-add opportunities include 3 abandoned homes (seller actively working to secure titles), 1 unit down to shell ready for remodel, and 1 additional home in need of renovation. Expansion potential exists with 5 vacant lots with existing water, sewer, and electrical already in place. Market lot rent for these sites is estimated at $250-$350/month, offering the opportunity to add park-owned homes or expand the lot rent portfolio. The property is currently managed by a professional property management company, offering a turnkey investment opportunity for new ownership. The property is situated on 3.06 acres. 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.