$1,600,000
SOLD JAN 15, 2025
-- Bed
-- Bath
-- Sq Ft
16.62 Acres

Recently Sold

Highlights

  • 16.62 Acre Lot
  • Electric Baseboard Heater
  • 1-minute walk to Berkeley Springs State Park

About This Home

As of January 2025

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!

Last Agent to Sell the Property

Matt Ridgeway

RE/MAX Real Estate Group Listed on: 02/25/2025

RE/MAX Real Estate Group

Last Buyer's Agent

Matt Ridgeway

RE/MAX Real Estate Group Listed on: 02/25/2025

RE/MAX Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 16.62 Acre Lot

Home Design

  • Aluminum Siding

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Shared Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 06 9001300020000

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Modular/Pre-Fabricated
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1970
  • Remarks Public: 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!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well-Shared

Schools

  • School District: MORGAN COUNTY SCHOOLS
  • School District Key: 121141762928
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 16.62
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 723967.20
  • Zoning: COM/RES
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 06 9001300020000
  • Tax Year: 2024
  • Close Date: 01/15/2025

MLS Schools

  • School District Name: MORGAN COUNTY SCHOOLS

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $1,600,000 0.0% --
01/15/2025 01/15/25 Sold $1,600,000 +3900.0% --
11/15/2024 11/15/24 Pending -- -- --
08/21/2017 08/21/17 Sold $40,000 -19.8% --
08/04/2017 08/04/17 Pending -- -- --
07/06/2017 07/06/17 Price Changed $49,900 -9.3% --
03/20/2017 03/20/17 For Sale $55,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: WVMO2005638

Bright MLS