605 CELDONS LN, ELKTON, Virginia 22827 - $725,000
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
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.
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
For Detailed Buyer Information Call (434) 409-4056 or email deidre@virginiaestates.com
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Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Valley Realty Associates represents the interest of the seller 540-236-5800 675597. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
For buyer representation by Virginia Estates contact Deidre Carpenter 434-409-4056, deidre@virginiaestates.com.