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.
Listed By
Agency Name: Funkhouser Real Estate Group
Agency Phone: 540-434-2400
Shown By
Agent Name: Barry Suttles Broker
Agent Phone: (540) 246-5666
Estimated Payment
$ 2,560.97 per month $2,094.04 Principal & Interest $321.42 Property Tax $145.51 Homeowner's Insurance