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605 Celdons LaneElkton, VA 22827Price: $725,000

  • Price: $725,000
  • 63 Days on Market
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Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
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605 Celdons Lane Elkton VA 22827605 Celdons Lane Elkton VA 22827605 Celdons Lane Elkton VA 22827
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  • 1.83Acreage
  • 1958Year Built
  • ElktonUsmArea
  • 2025Assessment Year
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.
Listed by Michael Kalman of Valley Realty Associates

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Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaElkton

Parking

  • Parking TypesParking Lot

Basic Information

  • Date Listed04/09/2026

Location

  • Address605 Celdons Lane
  • Building Number605
  • CountyRockingham
  • DirectionsFrom Harrisonburg - 33 East, Turn left on Business 33, turn left on Shenandoah Ave, and location will be on your left.
  • In City Limits YNYes
  • Park NameROCKINGHAM MOBILE HOME PARK
  • StateVA
  • TownElkton
  • Zip22827

Basic Information

  • Broker NameValley Realty Associates
  • List Price$725,000
  • MLS NumberVARO2002942
  • MLS Property TypeCommercial Sale
  • StatusACT

Building

  • Building Area SourceEstimated
  • Construction MaterialsOther
  • Total Garage And Parking Spaces19
  • Year Built1958

Utilities

  • CoolingNone
  • Heat SystemNone
  • SewerPublic Sewer, On Site Septic
  • Water SourcePublic

Tax Information

  • Assessment Year2025
  • Tax Assessment Amount$291,700
  • Tax Year2026
  • Taxes$1,983
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage1.83
  • Business TypeMobile Home Park
  • Lot Size SourceEstimated
  • Lot Size Square Feet79,715
  • New Construction YNN
  • Property SubTypeMobile Home/Campgrounds
  • Road Surface TypeGravel
  • ZoningA2

Legal

  • PossessionNegotiable, Immediate
  • Sale TypeStandard
  • Total Actual Rent75194

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated June 11, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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