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7640 Old Hwy 259, 
Waynesville, GA 31566

$595,000


Bed


Bath


12,812

Sq Ft


Multi-Family

Active

Listed by

John Courson

229-244-3535

Last updated:

July 17, 2025, 03:34 PM

MLS#

145583

Source:

GA VBR

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About This Home

7640 Old Hwy 259

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.

Home Facts

Multi-Family

Price Summary

595,000

$46 per Sq. Ft.

MLS #:

145583

Last Updated:

July 17, 2025, 03:34 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

12,812 Sq. Ft.


Structure

Structure

Building Area:

12,812 Sq. Ft.


Lot

Lot Size (Sq. Ft):

257,004


Finances & Disclosures

Finances

Price:

$595,000

Price per Sq. Ft:

$46 per Sq. Ft.

7640 Old Hwy 259
Source:GA VBR
IDX information being provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Humboldt Association of REALTORS® July 17, 2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.