851 Mount Pleasant RD, Waycross, GA 31503
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851 Mount Pleasant RD, Waycross, GA 31503
851 Mount Pleasant RD, Waycross, GA 31503
851 Mount Pleasant RD, Waycross, GA 31503
851 Mount Pleasant RD, Waycross, GA 31503
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851 Mount Pleasant RD Waycross, GA 31503

3.06 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 10677407

HOA Y/N No

Year Built 1971

Annual Tax Amount $1,331

Tax Year 2025

Lot Size 3.060 Acres

Acres 3.06

Lot Dimensions 3.06

Property Sub-Type Commercial

Source Georgia MLS 2

Property Description

Investment Opportunity - 24-Lot Mobile Home Park | 11% Cap Rate This 24-lot mobile home park offers a strong mix of current income, operational stability, and value-add potential. Financial Overview: Annual Gross Rent: $91,500 Annual Net Income: $76,845.62 (as of 03/31/2026) Cap Rate: 11% Average Rent (Park-Owned Homes): $625/month Current Occupancy: 13 park-owned mobile homes - tenant occupied 1 tenant-owned home - long-term lot rent Majority of tenants are under lease agreements Tenants pay utilities Value-Add Opportunities: 3 abandoned homes (seller actively working to secure titles) 1 unit down to shell - ready for remodel 1 additional home in need of renovation Expansion Potential: 5 vacant lots with existing water, sewer, and electrical already in place Market lot rent for these sites estimated at $250-$350/month Opportunity to add park-owned homes or expand lot rent portfolio Operations: 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.

Location

State GA

County Ware

Zoning C3

Rooms

Bedroom Description No

Interior

Heating Other

Cooling Other

Flooring Other

Fireplace No

Exterior

Parking Features Other

Garage Spaces 20.0

Utilities Available Cable Available, High Speed Internet

View Y/N No

Roof Type Metal,Tar/Gravel

Total Parking Spaces 20

Garage No

Private Pool No

Building

Lot Description Level

Faces From City Blvd, turn on to Central Ave. Mt Pleasant is the first paved road to the right. The park is located on the right. This mobile home park is located just outside the city limits, in Ware County.

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding,Vinyl Siding

New Construction No

Others

Tax ID 054E01006A

Special Listing Condition Resale

Georgia MLS - GAMLS
© 2026 Georgia Multiple Listing Service. All Rights Reserved.
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851 Mount Pleasant RD