$1,600,000
Us Route 522, Berkeley Springs, 25411
MLS Number: Wvmo2003452
Standard Status: Active
This is an amazing investment opportunity! Established mobile home park comprised of 16.62 acres split into 60 total lots. So much earning potential here! Currently 25 lots are rented, with 35 additional lots available. Of the 25 currently rented lots, 15 have park-owned mobile homes, each rented for between $500 and $1050. From day one, you have over $14,000 in existing rents. Two more park-owned units are under renovation. The additional lot/mobile home rent will deliver another $10,000 per month. Current expenses average $2500 per month. The park is currently on well water with an on-site "wetlands" septic system. Park covers lawn maintenance, snow removal and taxes. Also, public water and public sewer is on the way. Scheduled to be completed by Spring of 2026. And the much-awaited Berkeley Springs Bypass is already underway. So great commercial potential for this 16+ acres. Call today for more information!
Contact Mike McCarthy
Exterior Features
Architectural Style
Modular/pre-fabricated
Construction Materials
Aluminum Siding
Foundation Details
Other
Interior Features
Heating
Heat Pump(s), baseboard - Electric
Heating Fuel
Electric
Cooling
Other
Hot Water
Electric
Additional Details
Square Footage
0
Acres
16.62
Year Built
1970
New Construction
No
Property Type
Multi-family
County
Morgan
SchoolDistrictName
Morgan County Schools
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Listing courtesy of Re/max Real Estate Group.