0 Dutch Mill Ct, HARRISONBURG, 22801

Commercial - Five Or More Units

$8,149,000

Beds
Full Baths
Half Baths

49,338Sqft
1978Built
22DOM
MLS® #: VAHC2000064
Pending, 22 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® #: VAHC2000064
Price: $8,149,000
Total Bathrooms: 0.00
Square Footage: 49,338
Acres: 0.00
Year Built: 1978
Type: Commercial
Sub-Type: Five Or More Units
Status: Pending

Community Information

Address: 0 Dutch Mill Ct
State: VA
Zip Code: 22801

Interior

Heating: Baseboard - Electric
Cooling: None

Exterior

Exterior: Brick and Siding

School Information

District: HARRISONBURG CITY PUBLIC SCHOOLS

Additional Information

Date Listed: April 20th, 2022
Days on Market: 22
Zoning: R3
Listing Office: Old Dominion Realty
Listing Agent: Chad Branson

Financials

$/SqFt: $165

Neighborhood Information for 0 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℉