32 Sweet Magnolia Ln, Rockingham, VA 22802 • $2,500,000
MLS# 567163 • For Sale
|Circa: ||1955 (63 years old)|
|Lot Size: ||1.51 acres|
|Days on Market: ||185 (since Sep 18, 2017)|
|Listing By: ||Funkhouser Real Estate Group|
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.