Price: $4,500,000
Baths: 0
Status: Active
Property Type: Apartment
Lot Size Acres: 1.23
Lot Size SqFt: 53,578
Year Built: 1980
Neighborhood: Pleasant Acres
Days on Website: 11

Courtesy of Cottonwood Commercial LLC

Property Description

A exceedingly rare opportunity to own a 29 unit all brick multifamily investment property currently near 100% occupancy. Units are a mix of (13) one-bedroom apts, (15) two-bedroom apts, and (1) one-bedroom efficiency. Rates in the area and within this complex have steadily appreciated while maintaining low vacancy rates. Desirable area near EMU, JMU and many employers. Easy access to bus routes. Off-street parking is maintained for the benefit of the tenants. Listing Agent is a part owner of the subject property and is a Licensed Real Estate Broker in the Commonwealth of VA

Open House

Property Details and Features

  • Property Access
  • Road frontage type: PublicRoad
  • Building
  • Living area: 21,044
  • Built in 1980
  • Cooling
  • WindowUnits
  • Heating
  • Baseboard
  • Listing
  • 6 days on market
  • Lease amount: $242,275
  • ListingID: 662827
  • Standard status: Active
  • Location
  • Subdivision name: PLEASANT ACRES
  • Lot
  • 1.23 acres
  • Schools
  • Elementary school: Waterman
  • High school: Harrisonburg
  • Middle or junior school: Thomas Harrison
  • Sewer
  • PublicSewer
  • Taxes
  • Tax year: 2024
  • Utilities
  • CableAvailable
  • FiberOpticAvailable

Property Map

$4,500,000 – 961 Chicago Ave, Harrisonburg, VA 22801

Street View

Nearby Schools

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