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Listed by John Courson COLDWELL BANKER PREMIER REAL E
$ 385,000
Est. payment /mo
New
* Tranquil Lane #* Waynesville, GA 31566
5,196 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Unit
Listing Status Active
Purchase Type For Sale
Square Footage 5,196 sqft
Price per Sqft $74
Subdivision Tranquil Lane
MLS Listing ID 154528
HOA Y/N No
Lot Size 3.100 Acres
Property Sub-Type Multi Unit
Property Description
Paradise Park presents an exceptional opportunity to acquire a six-unit mobile home park in Waynesville, Georgia. Situated on approximately 3.10 acres along Tranquil Lane, this income-producing community has six park-owned single-wide mobile homes and is offered at an attractive asking price of $385,000. The property currently generates a gross scheduled rent of $4,505 per month ($54,060 annually), with five homes occupied and one unit undergoing renovations that is expected to provide immediate upside upon lease-up. Served by a private well and septic systems, Paradise Park offers a simple and efficient operating structure while minimizing utility infrastructure costs. Located in the heart of Coastal Georgia, Paradise Park benefits from continued demand for affordable workforce housing and convenient access to the employment centers of Brunswick, Jesup, and the surrounding region. Whether you're expanding an existing mobile home park portfolio, completing a 1031 exchange, or entering the manufactured housing sector for the first time, Paradise Park offers an attractive combination of current cash flow, value-add potential, and long-term investment stability. At approximately $64K per park-owned home, the property represents an affordable acquisition opportunity in a high-demand asset class.
Location
State GA
Area 11-Other
Zoning R - Ag
Interior
Interior Features None
Heating Other
Cooling Wall/Window Unit(s)
Appliance Other
Exterior
Exterior Feature Other
Parking Features 3+ Cars
Garage Spaces 3.0
View Y/N No
Garage No
Building
Story 1
Sewer Septic Tank
Water Well
Level or Stories One