Link Copied
Listed price in listed location currency (USD).
$725,000

000

MLS® VARO2002942

  • Key Facts
  • Description
  • Map

Key Facts

Type Mobile Home
Levels Commercial Sale
Size -
Garage 
Taxes $1,984
Days Active 6
Lot Size 
Approx. Age 1958
MLS® Number VARO2002942

Property Address: 605 Celdons Lane, ELKTON, VA, 22827

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to acquire a 19 lot mobile home park in Elkton, Virginia. Situated on 1.83 acres with consistent rental demand, this property delivers day one cash flow alongside a well defined path to meaningfully higher returns. Current lot rents sit well below prevailing market rates, giving new ownership a clear, executable rent growth strategy. Even conservative adjustments produce a material lift in net operating income. An electrical system upgrade has been identified and scoped, providing a concrete improvement project with known costs that strengthens the asset long term and supports rent repositioning. Mobile home parks in this region rarely come to market, and fewer still offer both stable occupancy and a credible value add story. This one does. Resilient rental demand in the area limits downside while the embedded upside does the heavy lifting. Cash flow from day one. Below market rents ready to move. A defined capital project that adds lasting value. Don't miss your chance to acquire a supply constrained, income producing asset that checks every box.
MLS® NumberVARO2002942
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 9, 2026List Date
$725,000List Price
  • Commute

Commute

Starting Address
Destination Address
605 Celdons Lane, Elkton, VA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties