REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 725,000
Est. payment | /mo
1.83 Acres Lot
$ 725,000
Est. payment | /mo
1.83 Acres Lot
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 675597
HOA Y/N No
Annual Tax Amount $1,586
Tax Year 2025
Lot Size 1.830 Acres
Acres 1.83
Property Sub-Type Land
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
Area Rockingham Co Ne
Zoning A-2 Agricultural General
Direction From Harrisonburg - 33 East, Turn left on Business 33, turn left on Shenandoah Ave, and location will be on your left.
Interior
Fireplace No
Others
Tax ID 131/ 1/ / 1/ A
Listed by Valley Realty Associates
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "