32 Sweet Magnolia Ln, ROCKINGHAM, 22802

Multi-Family - 4+ Apts

$1,800,000

5Beds
Full Baths
Half Baths

8,500Sqft
1.51Acres
2009Built
406DOM
MLS® #: 596193
Pending, 406 Days on Market

Courtney Leach

REALTOR

  • Cell 540-421-9187
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. 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.

Price & Status History

Date Details
Status Changed from Active to Pending

Essential Information

MLS® #: 596193
Price: $1,800,000
Bedrooms: 5
Total Bathrooms: 3.00
Square Footage: 8,500
Acres: 1.51
Year Built: 2009
Type: Multi-Family
Sub-Type: 4+ Apts
Status: Pending

Community Information

Address: 32 Sweet Magnolia Ln
Subdivision: NONE
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

Middle: Montevideo
High: Spotswood

Additional Information

Date Listed: October 1st, 2019
Days on Market: 406
Zoning: B-1 Business General
Listing Office: Funkhouser Real Estate Group
Listing Agent: Luke Smith

Listing Details

Listing Office: Funkhouser Real Estate Group

Financials

$/SqFt: $212

Neighborhood Information for 32 Sweet Magnolia Ln

Stable Population, Moderate Residential Turnover

  • Lows

    • January 20.40℉
    • July 61.60℉
  • rain icon

    Precipitation

    • 36.12"
  • Highs

    • January 40.50℉
    • July 85.30℉

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