x
Address
32 Sweet Magnolia Ln Rockingham, VA
Price
$ 1,800,000
Property Attributes
  • MLS#584679
  • TypeMulti-Family
  • CountyROCKINGHAM
  • CityRockingham
  • AreaRockingham
  • Zip22802
  • Style4+ Apts
  • Year Built1955
  • Taxes6917
  • Price$ 1,800,000
  • Bedrooms7
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage8500
  • Lot Size1.51 Acres
Listing Provided Courtesy Of:
Funkhouser Real Estate Group
Property Description

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.

Elementary School Middle School High School
Cub Run (Rockingham) Elementary School Montevideo Middle School Spotswood High School
Price History
1/9/2019 Listed $2,250,000
3/14/2019 20% - $1,800,000

General Features

Access Public Road
Class MULTI-FAMILY
Green Features No
HOA No
High School Spotswood
Legal Description Valley Pike
Listing Area Rockingham
Listing Status Active
Middle School Montevideo
New Construction No
Over 55 Community No
Price Per Sq Ft 211.76
Status Active
SubArea Rockingham Co NW
Subdivision NONE
Tax Year 2017
Taxes 6917
Type 4+ Apts
Year Built 1955
Zoning B-1 Business General

Interior Features

Air Conditioning Central AC
Heating Electric
Kitchen Appliances/feat Electric Range, Microwave
Kitchen Cabinets/counters Wood Cabinets
Storage Shed
Structure-floors Carpet, Vinyl
Total Finished Sq. Ft. 8500
Total Number of Units 32
Unit 1: # Baths 1
Unit 1: # Beds 1
Unit 1: # Sqft 270
Unit 1: # Units 28
Unit 1: Type Efficiency
Unit 2: # Baths 1
Unit 2: # Beds 3
Unit 2: # Sqft 500
Unit 2: # Units 1
Unit 2: Type 3 Bed Apt
Unit 3: # Baths 1
Unit 3: # Beds 1
Unit 3: # Sqft 270
Unit 3: # Units 1
Unit 3: Type 1 Bed Apt
Unit 4: # Baths 1
Unit 4: # Beds 2
Unit 4: # Sqft 440
Unit 4: # Units 1
Unit 4: Type 2 Bed Apt

Exterior Features

Exterior Vinyl
Foundation Concrete Slab
Lot Size Area 1.51
Roof Composition Shingle
Sewer/Septic Public Sewer
Water Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 22802

Price
AVG $1.2M
$1.8M
Taxes
AVG $5,429
$6,917
Visits
AVG 17
24
Year Built
AVG 1955
1955
Walkscore
AVG 47
8
Data Provided by Walkscore ® not using MLS data

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