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.
32 Sweet Magnolia Ln is a Multi-Family property for sale. The current price is $1,800,000. Built in 2009 this 5 room, 3 bath Rockingham property has been listed on funkhousergroup.com for days.
Stable Population, Moderate Residential Turnover