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1041 Shenandoah St

HARRISONBURG, VA 22802
  • $4,800,000
  • STATUS: Pending
  • ON SITE: 45 Days
  • MLS #: 637308
Pending
$4,800,000
  • 0
    BEDS
  • 1.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 34,204
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
Area:

School Information

Elementary School:
Middle School:
High School:

Description

38 UNIT TOWNHOMES COMPLEX FOR SALE. Located at 1041,1045,1049, 1053 and 1057 Shenandoah Street, Harrisonburg, VA, the Farm Gate Townhomes are five buildings constructed with brick veneer & vinyl exterior walls, a composition shingle roof, and crawl on approximately 1.9 acres. The properties consist of 38 townhouses with 2 bedroom and 1.5 bath. The average unit size is 900 square feet with baseboard heat and wall mount PTAC unit. The buildings were constructed in 1980 and have been maintained well. Other improvements include the paved parking lot, concrete sidewalks and lights, and typical landscaping. 90% of the units have been updated with new flooring and updated fixtures in the last six years. Currently 100% occupancy. Tenants pay all utilities. Solid cash flow with approximately $32,940 in gross monthly income. Superbly located with a bus route and close to all City amenities.

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Listing information © 2023 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2023-02-03T00:12:41.943.
www.jeffgaffney.com/homes/135494662
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1041 Shenandoah St HARRISONBURG, VA 22802

  • Price: $4,800,000
  • Status: Pending
  • On Site: 45 Days
  • MLS #: 637308
0
Beds
0
Baths
0
½ Baths
1.91
Acres
34,204
SQFT
$140
$/SQFT
1980
Built
Neighborhood:
None
Area:
Harrisonburg
Elementary School:
Waterman
Middle School:
Thomas Harrison
High School:
Harrisonburg
Property Description
38 UNIT TOWNHOMES COMPLEX FOR SALE. Located at 1041,1045,1049, 1053 and 1057 Shenandoah Street, Harrisonburg, VA, the Farm Gate Townhomes are five buildings constructed with brick veneer & vinyl exterior walls, a composition shingle roof, and crawl on approximately 1.9 acres. The properties consist of 38 townhouses with 2 bedroom and 1.5 bath. The average unit size is 900 square feet with baseboard heat and wall mount PTAC unit. The buildings were constructed in 1980 and have been maintained well. Other improvements include the paved parking lot, concrete sidewalks and lights, and typical landscaping. 90% of the units have been updated with new flooring and updated fixtures in the last six years. Currently 100% occupancy. Tenants pay all utilities. Solid cash flow with approximately $32,940 in gross monthly income. Superbly located with a bus route and close to all City amenities.
Exterior Features

Access Bus On City RoutePrivate RoadPublic Road Exterior BrickVinyl Foundation Concrete Block Land Description Fenced Part Roof Composition Shingle Structure Deck Porch Deck

Interior Features

Air Conditioning Wall Unit(S) Basement Crawl Floors CarpetVinyl Heating BaseboardElectric Kitchen Appliances Features Electric RangePantryRefrigerator Laundry DryerWasher Unit One Baths 1.5 Unit One Beds 2 Unit One Sq Ft 900 Unit One Type 2 Bed Apt Unit One Units 38

Property Features

Assn Setup Transfer Fees 0 Green Features No Gross Rent 395268 Hoa YN No Lender Owned No New Construction No Other Income Mo 0 Property Included RefrigeratorElectric RangeWasher And Dryer. Property Type 4+ Apts Road Maint 0 Security Smoke Detector(S) Sewer Septic Public Sewer Source Of Sq Ft Public Records Tax Year 2022 Taxes 28244 Tenant Pays ElectricityWater/Sewer Water Public Water Zoning R-3 Multiple Dwelling Residential

Listing provided courtesy of Cottonwood Commercial Llc: 540-434-9922.


Listing information © 2023 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Real Estate III. Data last updated 2023-02-03T00:12:41.943.
 
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