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$725,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 605 Celdons Ln
General
- Price: $725,000
- Taxes: $1,983 (2026)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSMidAtlantic
- MLS ID: VARO2002942
- Updated: 4/9/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Mobile Home Park
Parking
- Total Spaces: 19
- Parking Type: Parking Lot
Location
- County: ROCKINGHAM
- Driving Directions: From Harrisonburg - 33 East, Turn left on Business 33, turn left on Shenandoah Ave, and location will be on your left.
- City Limits: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer, On Site Septic
- Water: Public
Structural Information
- Construction: Other
- Year Built: 1958
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Manufactured Home
Park Information
- Park Information: ROCKINGHAM MOBILE HOME PARK
Lot Features
- Lot Size (Acres): 1.83
- Lot Size (Sq. Ft.): 79,715
- Lot Size Source: Estimated
- Street/Road Desc.: Gravel
- Zoning: A2
Financial Considerations
- Assessment Year: 2025
- Tax w/Assessment: $291,700
- Tax Amount: $1,983
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
Listed by Valley Realty Associates, Michael Kalman
Get Pre-Approved Today
Schools
Schools serving 605 Celdons Ln
School District:Rockingham County Public Schools
| Name | Grades | Distance |
|---|---|---|
Elkton Elementary School 302 B Street, Elkton, VA 22827 | PK-5 | 0.3 mi |
Elkton Middle School, Elkton, VA 21063 Blue and Gold Drive, Elkton, VA 22827 | 6-8 | 1.1 mi |
East Rockingham High School 250 Eagle Rock Road, Elkton, VA 22827 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 605 Celdons Ln
Date
Details
Price
Change
Source
4/09/2026
Listed
$725,000
262.5%
MLS
10/05/2018
Sold
$200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 605 Celdons Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,586
—
$233,200
—
2024
$1,586
—
$233,200
—
2023
$1,586
—
$233,200
—
2022
$1,586
-8%
$233,200
—
2021
$1,726
100%
$233,200
—
2018
$863
6%
$233,200
—
2016
$816
—
$233,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 605 Celdons Ln
605 Celdons Lane, Elkton, VA 22827 (MLS# VARO2002942) is a Commercial Service property. 605 Celdons Lane is currently listed for $725,000 and was received on April 09, 2026. Want to learn more about 605 Celdons Lane? Do you have questions about finding other Commercial Service real estate for sale in Elkton? You can browse all Elkton real estate or contact a Coldwell Banker agent to request more information.

