Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1991
Sq.Footage
N/A
Introducing Foster’s Mobile Home Park – A Fully Overhauled Investment Property with Impressive Current Income and even more Potential. Foster’s Mobile Home Park offers an exceptional investment opportunity on a spacious two-acre parcel, featuring a full overhaul of several rental units and impressive income streams. This unique property is not only renovated but is also positioned to exceed the investor 1% rule, with current income nearly reaching it and proforma projections surpassing the rule. The centerpiece of the property is a charming modular ranch-style home, perfect for an owner, property manager or a standard rental like it is today. This inviting residence boasts a covered front porch, a one-car garage, three bedrooms, and 2.5 bathrooms, providing ample space and comfort. The sunroom, with an abundance of windows, offers a peaceful space to relax and enjoy the surroundings. A finished basement and traditional floor plan further enhance the home’s appeal, making it a welcoming retreat. In addition to the residence, the property features an 1,085-square-foot, three-bay garage with an office, ideal for storage, property management operations, a mechanic shop, hair studio, etc. Multiple outbuildings scattered across the property provide additional storage and utility space, adding further value and convenience. Foster’s Mobile Home Park currently includes eight mobile homes, all of which are fully rented, ensuring immediate cash flow. With the recent renovations, the park has been brought up to a higher standard, increasing both the quality of the living spaces and the overall income potential. This property is situated in a peaceful yet accessible location, offering the perfect balance of residential charm and commercial opportunity. Whether you're looking to expand your real estate portfolio or seeking a stable investment with multiple income sources, Foster's Mobile Home Park presents an incredible opportunity. With a fully upgraded property and strong rental income, this investment not only meets but exceeds expectations. Don't miss your chance to own this versatile property with high earning potential. Contact us today to schedule a private viewing and see the endless possibilities that await you at Foster's Mobile Home Park! CNDA is required for all financials and a 48 hour notice is required for showings. Current Annually: $114,600 Proforma Annually: $160,800
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Heat Pump, Electric
-
Heating YN
YES
-
Heating
Electric, Oil, Baseboard, Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Batts Insulation
-
Parking
Garage, Driveway, Parking Lot
-
Pool
No
-
Waterfront YN
NO
-
View
Mountain(s)
Area & Lot
-
Lot Features
Wooded, Few Trees
-
Lot Size(acres)
2.0
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,200,000
-
Tax Amount
5932.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
GERRARDSTOWN
-
Middle School
MOUNTAIN RIDGE
-
High School
MUSSELMAN
Property Features
-
Foundation Details
Permanent
-
Sewer
Septic Tank
-
Tax Lot
35
-
Water Source
Well
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Location
County
BERKELEY
Elementary School
GERRARDSTOWN
Middle School
MOUNTAIN RIDGE
High School
MUSSELMAN
Listing Courtesy of Andrew R Fultz , Samson Properties
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AGENT
Ali Candelas
Call Ali today to schedule a private showing.
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