Listed By:
RE/MAX Real Estate Group
Address
Us Route 522, Berkeley Springs, WV
Price
$ 1,600,000
Property Attributes
  • MLS#WVMO2003452
  • TypeMulti-Family
  • CountyMORGAN
  • CityBerkeley Springs
  • Zip25411
  • StyleModular/Pre-Fabricated
  • Year Built1970
  • Taxes$ 3505
  • Price$ 1,600,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size16.62 Acres
Data Source:
Bright MLS
Property Description

This is an amazing investment opportunity! Established mobile home park comprised of 16.62 acres split into 60 total lots. So much earning potential here! Currently 25 lots are rented, with 35 additional lots available. Of the 25 currently rented lots, 15 have park-owned mobile homes, each rented for between $500 and $1050. From day one, you have over $14,000 in existing rents. Two more park-owned units are under renovation. The additional lot/mobile home rent will deliver another $10,000 per month. Current expenses average $2500 per month. The park is currently on well water with an on-site "wetlands" septic system. Park covers lawn maintenance, snow removal and taxes. Also, public water and public sewer is on the way. Scheduled to be completed by Spring of 2026. And the much-awaited Berkeley Springs Bypass is already underway. So great commercial potential for this 16+ acres. Call today for more information!

Price History
8/18/2023 Listed $1,600,000

General Features

Sewer On Site Septic
Heating Heat Pump(s),Baseboard - Electric
Cooling Other
Possession Settlement
Zoning 213
Pool Y/N No Pool
Architectural Style Modular/Pre-Fabricated
Construction Materials Aluminum Siding
Year Built 1970
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County MORGAN
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions From I-81 take exit 16W towards Hedgesville. Go approximately 22.8 miles then take a left onto US 522. In about 5.7 miles turn right onto Fiddlers Ln.
ModificationTimestamp 2024-04-05T12:45:35
City BERKELEY SPRINGS
Buyer Agent Compensation 2.5
Total Units 4
Lot Size Square Feet 723967.20
Tax Assessed Value 291900.0
Waterfront Y/N No
Street Name US ROUTE 522
Tax Annual Amount 3505.0
Two Bedroom 4
Structure Type Detached
Vacation Rental Y/N No
Days on Market 239
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Central Air Y/N No
LivingAreaSource Assessor

Exterior Features

Water Source Well-Shared
Type of Parking Other
Land Use Code 014
Foundation Details Other
Water View Y/N No
Lot Size Acres 16.62
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 291900.00
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 25411

Price
AVG $1.6M
$1.6M
Taxes
AVG $3,505
$3,505
Visits
AVG 32
31
Data Provided by Inside Real Estate®
Year Built
AVG 1970
1970

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