32 Sweet Magnolia Ln

    ROCKINGHAM, VA 22802
    • $1,800,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 596193
    UPDATED: 127 min ago
    $1,800,000
    • 0
      BEDS
    • 1.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,500
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    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. Potential gross income of over $25k per month. Strong rental history with low vacancy rates, and many long-term tenants. Currently fully leased on a weekly or monthly basis.

    Monthly Payment Calculator



    Listing information © 2020 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 2020-02-23T23:12:26.11.
    www.jeffgaffney.com/homes/101936624

    32 Sweet Magnolia Ln ROCKINGHAM, VA 22802

    • Price: $1,800,000
    • Status: Active
    • Updated: 127 min ago
    • MLS #: 596193
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.51
    Acres
    8,500
    SQFT
    $212
    $/SQFT
    1955
    Built
    Neighborhood:
    None
    Area:
    Rockingham
    Elementary School:
    Cub Run (Rockingham)
    Middle School:
    Montevideo
    High School:
    Spotswood
    Property Description
    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. Potential gross income of over $25k per month. Strong rental history with low vacancy rates, and many long-term tenants. Currently fully leased on a weekly or monthly basis.
    Exterior Features

    Access Public Road Exterior Vinyl Foundation Concrete Slab Roof Composition Shingle

    Interior Features

    Air Conditioning Central Ac Floors CarpetVinyl Heating Electric Kitchen Appliances Features Electric RangeMicrowave Kitchen Cabinets Counters Wood Cabinets Storage Shed Unit Four Baths 1 Unit Four Beds 2 Unit Four Sq Ft 440 Unit Four Type 2 Bed Apt Unit Four Units 1 Unit One Baths 1 Unit One Beds 1 Unit One Sq Ft 270 Unit One Type Efficiency Unit One Units 28 Unit Three Baths 1 Unit Three Beds 1 Unit Three Sq Ft 270 Unit Three Type 1 Bed Apt Unit Three Units 1 Unit Two Baths 1 Unit Two Beds 3 Unit Two Sq Ft 500 Unit Two Type 3 Bed Apt Unit Two Units 1

    Property Features

    Assn Setup Transfer Fees 0 Green Features No Gross Rent 25760 Historic District No Hoa YN No Lender Owned No New Construction No Other Income Mo 0 Over55 Community No Property Type 4+ Apts Road Maint 0 Sewer Septic Public Sewer Source Of Sq Ft Other Tax Year 2017 Taxes 6917 Water Public Water Zoning B-1 Business General

    Listing provided courtesy of Funkhouser Real Estate Group.


    Listing information © 2020 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 2020-02-23T23:12:26.11.
     
    Real Estate III
    1430 Rolkin Court, Suite 101
    Charlottesville VA, 22911