32 Sweet Magnolia Ln, ROCKINGHAM, 22802

Multi-Family - 4+ Apts

$2,250,000

Beds
Baths
8,500Sqft
1.51Acres
1955Built
7DOM
MLS® #: 584679
Active, 7 Days on Market

Scott Rogers

Associate Broker

  • Office 540-434-2400
  • Cell 540-578-0102
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.

Essential Information

MLS® #: 584679
Price: $2,250,000
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
Area: Rockingham
Subdivision: NONE
City: ROCKINGHAM
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

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

Additional Information

Date Listed: January 9th, 2019
Days on Market: 7
Zoning: B-1 Business General

Listing Details

Listing Office: Funkhouser Real Estate Group

Financials

$/SqFt: $265

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