Strong multi-family or commercial investment opportunity conveniently located just north of Harrisonburg right off I-81. 32 unit multi-family property consisting of 30 one-bedroom efficiency apartments, 1 three-bedroom unit, and 1 oversized one-bedroom unit. Gross income over $210K annually. Strong rental history with low vacancy rates, and many long-term tenants. Currently fully leased on a weekly or monthly basis. Tenants could be converted to annual lease to make property management more convenient.
Off market
Zestimate®
$1,705,100
32 Sweet Magnolia Ln, Harrisonburg, VA 22802
--beds
0baths
8,500sqft
MultiFamily
Built in 2009
-- sqft lot
$1,705,100 Zestimate®
$201/sqft
$1,702 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central
Appliances
- Included: Microwave, Range / Oven
Features
- Flooring: Carpet, Linoleum / Vinyl
Interior area
- Total interior livable area: 8,500 sqft
Property
Features
- Exterior features: Vinyl
Lot
- Size: 1.51 Acres
Details
- Parcel number: 95E-(A)-L58
- Zoning: B-1 Business General
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 2009
Community & neighborhood
Location
- Region: Harrisonburg
Other
Other facts
- Class: MULTI-FAMILY
- Exterior: Vinyl
- Listing Services: Exclusive Right to Sell
- Possession: Settlement
- Roof: Composition Shingle
- Sewer/Septic: Public Sewer
- Water: Public Water
- Heating: Electric
- Owner Pays: Insurance, Maintenance, Trash, Taxes, Water/Sewer, Electricity, Gas
- Status: Pending
- Status Category: Pending
- Property Type: 4+ Apts
- Structure-Floors: Carpet, Vinyl
- Air Conditioning: Central AC
- Access: Public Road
- Kitchen Appliances/Feat: Electric Range, Microwave
- SubArea: Rockingham Co NW
- Source of SQ. FT.: Other
- Foundation: Concrete Slab
- Kitchen Cabinets/Counters: Wood Cabinets
- Storage: Shed
- Zoning: B-1 Business General
- Legal Description: Valley Pike
- Parcel Number: 95E-(A)-L58