Contact Information

Mobile Home Park Details

  • Price: $1,999,900
  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.9%
  • Listing ID: 6179901
  • Posted On: Jun 8, 2024
  • Updated On: Jun 9, 2024

Description

$307,644 annual effective rent! Incredible opportunity to expand your investment portfolio by adding these 4 established Mobile Home Parks in Waycross, GA with HUGE growth potential! Excellent rental history, 100% occupancy and value-add potential here make this a prime opportunity to capitalize on the housing shortage in Waycross. This package includes 6 land parcels with 38 singlewide mobile homes currently generating a monthly income of $25,637.00 with most units under market average for rents. This investment presents significant value-add opportunities, boasting over 13.7 additional acres primed for expansion, along with 6 vacant lots already approved for additional dwellings.

For more info, call 904-400-2069

Location

6 land lots between Ware & Brantley County: 051A03 044B, B016 158,B010 194, B004 111, B002 200 B010 193-
38 mobile homes. Locations, directions, and financials available upon request.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 100.0 %
Year Built: 1996
Average MH Lot Rent: $675
Size: 31 acre(s)

Financial Information (Actual)

Gross Income: $307,644
Operating Expense: $29,890
Net Operating Income: $277,754
Expense Ratio: 9.7 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 38
Average Rent for Park-owned Homes: $675

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