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32 Sweet Magnolia Ln, ROCKINGHAM, Virginia – $2,500,000

  • $2.5M Price
  • 8,500 Sqft
  • 1.51 Acres
  • 121 DOM
  • $2.5M Price
  • 8,500 Sqft
  • 1.51 Acres
  • 121 DOM

32 Sweet Magnolia Ln

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® #567163
  • Price$2,500,000
  • 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 ListedSeptember 18th, 2017
  • Days on Market121
  • ZoningB-1 Business General

Listing Details

Office

Funkhouser Real Estate Group: Harrisonburg

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