990, 992, 994 CHICAGO AVE, HARRISONBURG,VA 22802

$4,400,000

990, 992, 994 CHICAGO AVE, HARRISONBURG, Virginia 22802 - $4,400,000

15,712 Sq.Ft
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Property Description

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

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Property Details
Basic Details
Property Type : Commercial
Price : $4,400,000
Floor Size : 15,712 Sq.Ft
Year Built : 1986
Lot : 1.65 Acre
Status : Active

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Address Map
US
VA
Harrisonburg
HARRISONBURG
22802
W79° 7' 27.2''
N38° 27' 57''

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Additional Details
Commercial sales
: R-3 Multiple Dwelling Residential
: Concrete
Quadrant 2 ES Chicago Ave
047 P 1
Active
: Connected
$0
280.04
2026
31027
: Composition shingle

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

    For Immediate Personal Service from a Local Agent

     

    Call (434) 981-5923

    rick@virginiaestates.com







    There is no favorite listings!
    For immediate response contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Funkhouser Real Estate Group represents the interest of the seller 540-434-2400 674218. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.