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Offering Summary
THE PROPERTY
The Waycross Mobile Home Portfolio offers 38 park-owned homes across 30 acres, providing affordable housing in Waycross, Georgia. With recent renovations completed in 2019, the portfolio ensures modern living conditions and boasts a strong occupancy rate of 97.4%, with an average rent of $508 per unit. Positioned in an area with stable demand for affordable housing, the property presents significant potential for expansion with 6 approved additional lots and 13.7 acres of cleared land. Investors can expect a 15% cap rate and a 33% IRR, with a projected 3.9x multiple over the investment period, offering both cash flow and growth opportunities.
With a 97.4% occupancy rate, the Waycross Mobile Home Portfolio generates reliable rental income across its 38 park-owned homes. This high demand for affordable housing ensures consistent cash flow for investors.
THE SPONSOR
Investing with Crowdvest LLC provides you with a hassle-free way to enter the commercial real estate market. Our syndication model allows you to invest in high-quality properties with a lower capital requirement than traditional real estate investments. Plus, our team handles all the complexities of property management and ensures that your investment is well-maintained.
We offer a range of investment opportunities, from multifamily properties to office buildings, so you can choose the type of real estate that best fits your investment goals. Our platform also provides transparent reporting, so you can track your investment's performance and stay informed about any developments in the market.
Watch Ken discuss his background and investment philosophy in this video.
Waycross Realty
Located in Waycross, GA, this offering features 38 park-owned mobile homes spread across 30 acres, built with recent renovations in 2019. Positioned in a region with stable demand for affordable housing, the property boasts a high 97.4% occupancy rate and an average rent of $508. With a 15% cap rate, 33% IRR, and a 3.9x multiple, this portfolio offers a prime value-add opportunity through expansion on 6 additional approved lots and 13.7 acres of cleared land. With efficient management and low operating costs, this investment promises strong cash flow and substantial growth potential.
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| Preferred Return: | 10% |
| Targeted Equity Multiple: | 3.9x |
| Targeted IRR: | 33% |
| Targeted Investment Period: | 5 Years |
| Property Type: | Moblie Home |
DISCLAIMER
Any investments being offered are pursuant to an exemption from registration under Regulation D of the Securities Act of 1933, specifically Section 506(c). As such, only investors who are verified as being "accredited investors" will be able to invest in this opportunity, and only upon receipt, review and execution of the definitive offering documents. Please refer to www.SEC.gov for further guidance regarding accreditation.