Located less than one mile from James Madison University in downtown Harrisonburg, this investment property features six bedrooms and two and a half bathrooms and is fully leased through June 2027, offering immediate, stable cash flow. Gross monthly income is $4,770 for the upcoming lease term. Rear alley access provides convenient off-street parking, a valuable amenity in this location. The property has seen numerous capital improvements, including a new boiler, replacement of all visible knob-and-tube wiring. Additional updates include new kitchen and laundry flooring, thermostat replacement, and a new washer (March 2024). With strong income, key system upgrades, and a prime location, this is a good investment opportunity. A zoning verification letter is available upon request.
80 days
|
157
|
8
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Zillow last checked:
Listing updated:
Listed by:
Kemper Funkhouser540-421-3556,
Funkhouser Real Estate Group540-434-2400
Source: CAAR,MLS#: 676528Originating MLS: Harrisonburg-Rockingham Area Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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