990, 992, 994 Chicago Ave, Harrisonburg, VA 22802
sale
$4,400,000
|
Other
Courtesy Of Funkhouser & Associates
Unique investment opportunity! Parkhurst Apartment are located at 990, 992 and 994 Chicago Avenue, close to EMU and downtown Harrisonburg. Comprised of three buildings with brick exterior walls, a composition shingle roof, and concrete slab and community laundry room, on approximately 1.67 acres. The properties consist of 32 one-bedroom apartments. Several of these have been upgraded with LVP flooring! These efficient apartments are 475 square feet with baseboard heat and wall mount air conditioning units are currently averaging $982 a month in rent per unit. The buildings were constructed in 1986 and have been maintained well with recent updates like new exterior decking and roof replacement. Currently 100% occupancy. Solid cash flow with $31,500 monthly rent gross rents plus additional income from the laundry! Professionally managed with all lease agreements and documents in good order
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Building Units: 32
- Cooling System: Wall/Window Unit(s)
- Cooling System: Wall Unit(s)
- Exterior Type: Frame
- Floor Covering: Concrete
- Floors: 2
- Heating System: Baseboard
- Heating System: Electric (Heating)
- Legal Description: Quadrant 2 ES Chicago Ave
- MLSID: 674218
- Parking Spaces: 64
- Roof Type: Composition
- Roof Type: Shingle
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