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    32 Sweet Magnolia Ln

    ROCKINGHAM, VA 22802
    • $1,800,000
    • STATUS: Active
    • ON SITE: 264 days
    • MLS #: 596193
    UPDATED: 26 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:
    2009
    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. 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.

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    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 KK Homes. Data last updated 2020-09-20T20:12:34.373.
    www.kkhomes.com/homes/101936624
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    32 Sweet Magnolia Ln ROCKINGHAM, VA 22802

    • Price: $1,800,000
    • Status: Active
    • Updated: 26 min ago
    • MLS #: 596193
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.51
    Acres
    8,500
    SQFT
    $212
    $/SQFT
    2009
    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. 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.
    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 One Baths 1 Unit One Beds 1 Unit One Sq Ft 270 Unit One Type Efficiency Unit One Units 30 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 209080 Historic District No Hoa YN No Lender Owned No New Construction No Other Income Mo 180 Over55 Community No Property Included Each Unit is Furnished With RangeRefrigeratorMicrowaveTvTableChairsBedChest Of DrawersAnd Night Stand. 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 KK Homes. Data last updated 2020-09-20T20:12:34.373.
     
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    16 Gosnell Crossing, Ste 102
    Staunton VA, 24401