Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 0-bedroom, 0-bathroom commercial at 605 CELDONS LN in Elkton, VA is listed for $725,000. on a 1.83 acres lot.

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.

Key Features

  • 1.83 acre lot

Property Details

#19

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

605 CELDONS LN

Elkton, VA 22827

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 605 CELDONS LN is listed at $725,000. The estimated monthly payment is $3,142 based on 20% down at 6.5% interest.

Key features include: 1.83 acre lot.

This property is listed by Michael Kalman and can be reached at 5409089279 or michael.kalman26@gmail.com.

MK

Michael Kalman

Agent at Valley Realty Associates

(540) 908-9279

Listed by Valley Realty Associates · View on Broker Site

MLS# 675597· Source: listhub· Updated 53 days ago

Copyright © 2026 Harrisonburg-Rockingham Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

605 CELDONS LN, Elkton, VA 22827

Open this listing in: