$ 1,200,000
-
$1,200,000
Price -
0
Bed -
0
Bath -
4,715
SqFt
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About the Listing SAMP42 - 3054194
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
Listing Highlights
Status
Active With Contingency
Days on Site
18
Property Type
Commercial Sale
MLS ®
WVBE2047292
Year Built
1991
Total Square Footage
4,715
Lot/Acreage
2
County
Berkeley
School District
Berkeley County Schools
Elementary School
Gerrardstown
Middle School
Mountain Ridge
High School
Musselman
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Heat Pump(s)
- Heating: Heat Pump(s),Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Backs to Trees,Not In Development,Partly Wooded,Road Frontage,Trees/Wooded,Unrestricted,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 17
- Zoning: 213
- Roof: Shingle
- Others: Good
- Sewer: On Site Septic
- Parking Features: Driveway,Private Garage,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $5,932
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Years
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Questions About..
8353 Apple Harvest Dr Gerrardstown, WV 25420
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