32 Sweet Magnolia Ln, ROCKINGHAM, 22802

REDUCED 20% Multi-Family - 4+ Apts

$1,800,000

Beds
Baths
8,500Sqft
1.51Acres
1955Built
161DOM
MLS® #: 584679
Active, 161 Days on Market

Luke Smith

REALTOR

  • Office 540-434-2400
  • Cell 540-560-9684
Questions?

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.

Price & Status History

Date Details
Price Reduced from $2,250,000 to $1,800,000

Essential Information

MLS® #: 584679
Price: $1,800,000
Square Footage: 8,500
Acres: 1.51
Year Built: 1955
Type: Multi-Family
Sub-Type: 4+ Apts
Status: Active

Community Information

Address: 32 Sweet Magnolia Ln
Subdivision: NONE
State: Virginia
Zip Code: 22802

Interior

Interior: Carpet, Vinyl
Appliances: Electric Range, Microwave
Heating: Electric
Cooling: Central AC

Exterior

Exterior: Vinyl
Roof: Composition Shingle
Foundation: Concrete Slab

School Information

Middle: Montevideo
High: Spotswood

Additional Information

Date Listed: January 9th, 2019
Days on Market: 161
Zoning: B-1 Business General
Listing Office: Funkhouser Real Estate Group
Listing Agent: Luke Smith

Listing Details

Listing Office: Funkhouser Real Estate Group

Financials

$/SqFt: $212

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