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Listed by Alicia Farmer • Nest Realty Shenandoah Valley
$249,900
Est. payment /mo
10,018 Sqft Lot
Pending
104 & 106 MASSANUTTEN ST Edinburg, VA 22824
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Key Details
Property Type Mobile Home, Commercial
Sub Type Mobile Home/Campgrounds
Listing Status Pending
Purchase Type For Sale
MLS Listing ID VASH2012432
Year Built 1960
Annual Tax Amount $575
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Mobile Home/Campgrounds
Source BRIGHT
Property Description
Attention Investors! Don't miss this rare opportunity to acquire an already profitable real estate portfolio. This offering on Massanutten Street in Edinburg is being sold together with MLS #VARO2002554 on Cullers Lane in Broadway, and both properties must convey as a package for one low price of $249,900. The combined portfolio includes a total of five mobile homes, all fully occupied and producing steady income. Financials are provided on a consolidated basis, while taxes are calculated separately for each property.
Financial Highlights:
Total Units: 5 (3 in Broadway, 2 in Edinburg)
Occupancy: 100% (all units tenant-occupied)
Monthly Income:
Cullers Lane, Broadway: $1,764 total
(1 TOH $400, 1 RTO $764, 1 RTO $600)
Massanutten Street, Edinburg: $1,067.30 total
(1 TOH $400, 1 RTO $667.30)
Combined Gross Monthly Income: $2,831.30
Annualized Income: $33,975.60
Operating expenses are minimal, as tenants are responsible for their own water/sewer bills and yard maintenance. Rent-to-own agreements provide predictable monthly income with structured payoff dates in 2027, 2028, and 2032. Taxes are calculated separately for each property.
This portfolio delivers immediate cash flow and long-term equity opportunities, making it a strong addition to any investor's holdings.
Financial Highlights:
Total Units: 5 (3 in Broadway, 2 in Edinburg)
Occupancy: 100% (all units tenant-occupied)
Monthly Income:
Cullers Lane, Broadway: $1,764 total
(1 TOH $400, 1 RTO $764, 1 RTO $600)
Massanutten Street, Edinburg: $1,067.30 total
(1 TOH $400, 1 RTO $667.30)
Combined Gross Monthly Income: $2,831.30
Annualized Income: $33,975.60
Operating expenses are minimal, as tenants are responsible for their own water/sewer bills and yard maintenance. Rent-to-own agreements provide predictable monthly income with structured payoff dates in 2027, 2028, and 2032. Taxes are calculated separately for each property.
This portfolio delivers immediate cash flow and long-term equity opportunities, making it a strong addition to any investor's holdings.
Location
State VA
County Shenandoah
Zoning R-1
Interior
Hot Water Other
Heating Other
Cooling Other
Inclusions 1 RTO mobile home
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer On Site Septic
Water Public
New Construction N
Schools
Elementary Schools W.W. Robinson
Middle Schools Peter Muhlenberg
High Schools Central
School District Shenandoah County Public Schools
Others
Tax ID 070A202 021
Ownership Fee Simple
Special Listing Condition Standard
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