Introducing Foster’s Mobile Home Park – A Fully Overhauled Investment Property with Impressive Current Income and even more Potential.
Foster’s Mobile Home Park offers an exceptional investment opportunity on a spacious two-acre parcel, featuring a full overhaul of several rental units and impressive income streams. This unique property is not only renovated but is also positioned to exceed the investor 1% rule, with current income nearly reaching it and proforma projections surpassing the rule.
The centerpiece of the property is a charming modular ranch-style home, perfect for an owner, property manager or a standard rental like it is today. This inviting residence boasts a covered front porch, a one-car garage, three bedrooms, and 2.5 bathrooms, providing ample space and comfort. The sunroom, with an abundance of windows, offers a peaceful space to relax and enjoy the surroundings. A finished basement and traditional floor plan further enhance the home’s appeal, making it a welcoming retreat.
In addition to the residence, the property features an 1,085-square-foot, three-bay garage with an office, ideal for storage, property management operations, a mechanic shop, hair studio, etc. Multiple outbuildings scattered across the property provide additional storage and utility space, adding further value and convenience.
Foster’s Mobile Home Park currently includes eight mobile homes, all of which are fully rented, ensuring immediate cash flow. With the recent renovations, the park has been brought up to a higher standard, increasing both the quality of the living spaces and the overall income potential.
This property is situated in a peaceful yet accessible location, offering the perfect balance of residential charm and commercial opportunity. Whether you're looking to expand your real estate portfolio or seeking a stable investment with multiple income sources, Foster's Mobile Home Park presents an incredible opportunity. With a fully upgraded property and strong rental income, this investment not only meets but exceeds expectations.
Don't miss your chance to own this versatile property with high earning potential. Contact us today to schedule a private viewing and see the endless possibilities that await you at Foster's Mobile Home Park! CNDA is required for all financials and a 48 hour notice is required for showings.
Current Annually: $114,600
Proforma Annually: $160,800
2 Acri privati Dimensione del lotto
commerciale
5.932 USD Imposta annuale
Costruito in 1991
MLS/ID annuncio WVBE2047292
11 Unità
Shingle
Lot - Partly Wooded
Construction - Batts Insulation
Heating - Oil
Heating - Electric
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Last date updated: 03/18/2026.
Source: Bright Multiple Listing Service, Inc.
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