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Map
$2,025,815*
●
Multifamily -
Off Market
32 SWEET MAGNOLIA LN
ROCKINGHAM, VA 22802
5 Beds
3 Baths
8500 Sqft
$1,620,000 - $1,980,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
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.
The manager has listed the unit size as 8500 square feet.
The manager has listed the unit size as 8500 square feet.
Unit Size
8,500Ft²
Days on Market
-
Land Size
1.51 acres
Price per sqft
$212
Property Type
Multifamily
Property Taxes
$6,917
HOA Dues
-
Year Built
2006
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 5, 2021 | Sold | $1,187,500 | |
| Sold | |||
| Jan 17, 2021 | In contract | - | |
| In contract | |||
| Dec 5, 2020 | Relisted | $1,800,000 | |
| Relisted | |||
| Nov 19, 2020 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
32 SWEET MAGNOLIA LN
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/30/2019
|
|
5 Bed
|
3 Bath
|
8500 ft²
|
$1,800,000
5 Bed
3 Bath
8500 ft²
|
-
-
|
-
|
-
|
|
09/06/2018
|
|
7 Bed
|
4 Bath
|
8500 ft²
|
-
7 Bed
4 Bath
8500 ft²
|
-
-
|
-
|
-
|
Building Info
