7640 Old Highway 259, Waynesville, GA 31566

Stabilized, proven, and affordable opportunity for savvy investors seeking immediate cash flow and value-add play! Located in Waynesville, Georgia, "Shady Oaks" mobile home park is 5.90 acres featuring 14 mobile homes, 1 stick-built home and 2 vacant lots (17 total "pads") spaced out in a quiet, rural setting, offering tenant privacy. Strong tenant demand and room for expansion, this asset is well-positioned for continued income and future growth. All 14 mobile homes are single-wides and parked-owned ("POH"), each with its own septic tank. 2 separate wells on site. 2 empty lots on site are shovel ready and ideal for future development or additional units. Mobile home models are 1970–1996 offering a mix of vintage and more modern units. Multiple on-site storage structures can provide added rental or utility potential. Minimal competition, and consistent demand for affordable housing in this submarket keep the tenant prospects lined up with quick turns. Potential to increase rents, modernize units, and / or develop additional pads, the best days are ahead for this park and your investment. Potential Gross rent roll is $9,265 / month with mobile home rents ranging from $515-$700 / month. Stick built home recently rented for $900 / month. Proforma cap rate is 10.27% at 45% operating expense factor!!! Rent roll and financials available to qualified prospects.