605 CELDONS LN, Elkton, VA 22827
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605 CELDONS LN, Elkton, VA 22827
605 CELDONS LN, Elkton, VA 22827
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Jordan Muirhead

Jordan Muirhead

+1(703) 615-8732
Listed by Michael Kalman • Valley Realty Associates
$ 725,000
Est. payment /mo
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Pending

605 CELDONS LN Elkton, VA 22827

1.83 Acres Lot

UPDATED:

Key Details

Property Type Mobile Home, Commercial

Sub Type Mobile Home/Campgrounds

Listing Status Pending

Purchase Type For Sale

MLS Listing ID VARO2002942

Year Built 1958

Annual Tax Amount $1,983

Tax Year 2026

Lot Size 1.830 Acres

Acres 1.83

Property Sub-Type Mobile Home/Campgrounds

Source BRIGHT

Property 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.

Location

State VA

County Rockingham

Zoning A2

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 19.0

Water Access N

Street Surface Gravel

Accessibility None

Total Parking Spaces 19

Garage N

Building

Sewer Public Sewer, On Site Septic

Water Public

New Construction N

Schools

School District Rockingham County Public Schools

Others

Tax ID 131-1-1-A

Ownership Fee Simple

Acceptable Financing Cash, Bank Portfolio, Conventional, Other, Negotiable

Listing Terms Cash, Bank Portfolio, Conventional, Other, Negotiable

Financing Cash,Bank Portfolio,Conventional,Other,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Jordan Muirhead

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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605 CELDONS LN

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