Mobile Home Park Investment
851 Mount Pleasant Road, Waycross, GA 31503
- Added:
- Jan 21, 2026
- Days on Market:
- 112
- Last Refresh:
- May 13 at 5:06 pm
Property Features for 851 Mount Pleasant Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 20
- Standard status
- Active
- APN
- 054E01-006-A
- Lot size
- 3.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MT PLEASANT RD 851 LL165/8
- Tax Annual Amount
- 1163
Listing agent Angela A Strickland License #371774 (912) 286-0267
Listing office Crossway Realty 302 Screven Ave, Waycross, GA (912) 548-1515
Listing date Jan 21, 2026
MLS# 1659242
Copyright © 2026 Golden Isles Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High 11% Cap Rate provides strong immediate cash flow.
- Turnkey investment opportunity with professional property management currently in place.
- Value‑add potential through renovation of existing units and securing titles for abandoned homes.
- Expansion potential with 5 vacant lots already equipped with utilities.
- High occupancy with 13 park‑owned homes currently tenant‑occupied.
- Tenants pay utilities, reducing operational costs.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Location Insight
- Map
- Local Demand
- City
- Waycross
- County
- Ware
- State
- Georgia
- Longitude
- -82.327447
- Latitude
- 31.212713
Nearby Similar for Sale
FAQs
What type of property is this?
Mobile home & RV park - 24-lot mobile home park with value-add potential and expansion.
Where is this mobile home & rv park located?
The property is located at 851 Mount Pleasant Road Waycross, GA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High 11% Cap Rate provides strong immediate cash flow.; Turnkey investment opportunity with professional property management currently in place.; Value‑add potential through renovation of existing units and securing titles for abandoned homes.
