32 Sweet Magnolia Ln, ROCKINGHAM, 22802

Multi-Family

$1,800,000

5Beds
–Full Baths
–Half Baths

8,500Sqft
1.51Acres
2009Built
MLS® #: 18305682
Active
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Luke Smith

REALTOR

  • Office 540-434-2400
  • Cell 540-560-9684
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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.

Essential Information

MLS® #: 596193
Price: $1,800,000
Bedrooms: 5
Bathrooms: 3
Square Footage: 8500
Acres: 1.51
Year Built: 2009
Type: Multi-Family
Status: Active

Community Information

Address: 32 Sweet Magnolia Ln
Area: Rockingham
Subdivision: NONE
City: ROCKINGHAM
Province: Virginia
Postal Code: 22802

Interior

Heating: Electric
Cooling: Central AC

School Information

Elementary: Cub Run (Rockingham)
Middle: Montevideo
High: Spotswood

Additional Information

Zoning: B-1 Business General

Financials

$/SqFt: $212

Neighborhood Information for 32 Sweet Magnolia Ln

Stable Population, Moderate Residential Turnover

  • Lows

    • January 20.40℉
    • July 61.60℉
  • rain icon

    Precipitation

    • 36.12"

  • Highs

    • January 40.50℉
    • July 85.30℉