Multi Dutch Mill Ct, HARRISONBURG, 22801

Multi-Family - 4+ Apts

$8,149,000

7Beds
Full Baths
Half Baths

49,338Sqft
4.42Acres
1978Built
21DOM
MLS® #: 629224
Pending, 21 Days on Market

Our Offices

Contact Us

  • Harrisonburg 540-434-2400
  • Woodstock 540-459-4002
  • Luray (540) 743-4545
  • Elkton 540-298-0280
  • Email info@funkhousergroup.com
Questions?

This 80-unit multifamily investment is currently near 100% occupied and produces a cap rate of 6% on net operating income of 495,000. There are currently 59 1 bedroom apartments, 18 2 bedroom apartments, and 3 3 bedroom apartments. There are 10 buildings ranging from 3 units in a building up to 16 units in a building on 9 different tax tickets. Current rental rates in the market and within the complex have steadily appreciated over the last 5 years while keeping a low vacancy rate. The location of these apartments give tenants great access to employment, shopping, entertainment and local dining. With limited availability of market rate apartments in the city, these apartments make a great investment for any investor looking to maximize there return on investment. The current landlord provides tenants with many great benefits including a laundromat, trash dumpsters, snow removal, lawn care and paid water and sewer. Don't miss out on this rare opportunity to own an investment for the future.

Price & Status History

Date Details
Status Changed from Active to Pending

Essential Information

MLS® #: 629224
Price: $8,149,000
Bedrooms: 7
Total Bathrooms: 5.00
Square Footage: 49,338
Acres: 4.42
Year Built: 1978
Type: Multi-Family
Sub-Type: 4+ Apts
Status: Pending

Community Information

Address: Multi Dutch Mill Ct
Subdivision: NONE
State: Virginia
Zip Code: 22801

Interior

Heating: Baseboard
Cooling: None

Exterior

Foundation: Concrete Block, Brick

School Information

Additional Information

Date Listed: April 20th, 2022
Days on Market: 21
Zoning: R-3 Multifamily Residential
Listing Office: Old Dominion Realty Inc
Listing Agent: Chad Branson

Listing Details

Listing Office: Old Dominion Realty Inc

Financials

$/SqFt: $165

Neighborhood Information for Multi Dutch Mill Ct

High Residential Turnover

  • Lows

    • January 20.40℉
    • July 61.60℉
  • rain icon

    Precipitation

    • 36.12"
  • Highs

    • January 40.50℉
    • July 85.30℉

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