512 Main St, Harrisonburg, VA 22801
6 Unit Apartment Building | $1,895,000 ($315,833/Unit) | Harrisonburg, VA 22801
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,895,000
- Property Type
-
Multifamily
- Square Feet
- 5,868 SF
Listing Contacts
Jeffrey Robb
Verified Profile
David Lee
Verified Profile
Lauren Stroop
Verified Profile
- Property Info
Property Overview
Are you looking for a lucrative investment opportunity in the heart of Harrisonburg? Look no further than this incredible multifamily property located on the corner of S Main Street and Paul Street! With 6 fully leased apartments spread over 3 levels and 5,868 square feet, this property is a cash cow that generates consistent income year after year. Each apartment has 4 bedrooms and 2 bathrooms. The property has 1 year remaining on a 10-year lease ending July 2025. Current tenant leases the entire building and pays $10,500/month plus real estate taxes, insurance and all maintenance fees. Tenant would like to renew with a 10-year lease at $12,000/month with the same lease terms. With a .57-acre lot and R3 zoning, the potential for future development is limitless! Whether you're an experienced investor looking to expand your portfolio or a newcomer searching for a secure and profitable investment, this is the opportunity you've been waiting for. Don't wait - contact us today to schedule a viewing and see for yourself why this property is a must-have for any savvy investor!
OWNER/AGENT
OWNER/AGENT
Property Details
- Class
- C
- Year Built
- 1995
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential, Office/Residential, Dormitory
- Lot Size (sq. ft)
- 24,829 SF
- Units
- 6
Highlights
- Walkable to Downtown Harrisonburg
- Walk to James Madison University Campus
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