32 Sweet Magnolia Ln, ROCKINGHAM

$1,800,000

0 Beds
0 Baths
8,500 Sqft
1.51 Acres
0 Garages

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$1,800,000
Square Footage8,500
Acres1.51
Year Built1955
TypeMulti-Family
Sub-Type4+ Apts
StatusActive
Community Information
Address32 Sweet Magnolia Ln
AreaRockingham
SubdivisionNONE
CityROCKINGHAM
StateVirginia
Zip Code22802
Interior
InteriorCarpet, Vinyl
AppliancesElectric Range, Microwave
HeatingElectric
CoolingCentral AC
Exterior
ExteriorVinyl
RoofComposition Shingle
FoundationConcrete Slab
School Information
ElementaryCub Run (Rockingham)
MiddleMontevideo
HighSpotswood
Additional Information
Date ListedJanuary 9th, 2019
Days on Market134
ZoningB-1 Business General
Listing Details
OfficeFunkhouser Real Estate Group
Property History
Price Reduced from $2,250,000 to $1,800,000
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