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- LoopNet Team
32 Sweet Magnolia Ln
Harrisonburg, VA 22802
Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- 32 Unit Multi-Family Property
- Low Vacancy
PROPERTY FACTS
| No. Units | 32 | Lot Size | 1.51 AC |
| Property Type | Multifamily | Building Size | 8,500 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1955 |
| Building Class | C | ||
| Zoning | B-1 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 8,500 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Zoning | B-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Range
- Carpet
- Vinyl Flooring
ABOUT 32 SWEET MAGNOLIA LN , HARRISONBURG, VA 22802
Great investment opportunity near Harrisonburg. Rarely available multi-family property on over 1.5 acres. The 32 unit property earns a gross rent of $209K, with room to improve. Location is right outside the Harrisonburg city limits, close to a highway exit, great for tenants who commute along the I-81 corridor. Property is surrounded by new residential developments with homes in the $400K range. Owner currently operates on short term leases, but leases could be converted to annual, to make property management more convenient.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 95E-A-L58 | Improvements Assessment | $1,061,700 |
| Land Assessment | $113,000 | Total Assessment | $1,174,700 |
PROPERTY TAXES
