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 | 253 |
| 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
Taxes
Visits
Year Built
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