0 Dutch Mill CtHarrisonburg, VA 22801MLS Number VAHC2000064

  • Price: $8,149,000
  • 29 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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Pending
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  • 1978Year Built
  • 165Price Per Square Foot
  • 2022Tax Year
  • $49,523Taxes
This 80-unit multifamily investment is currently near 100% occupied and produces a cap rate of 6% on net operating income of 495,000. There are currently 59 1 bedroom apartments,18 2 bedroom apartments,and 3 3 bedroom apartments. There are 10 buildings ranging from 3 units in a building up to 16 units in a building on 9 different tax tickets. Current rental rates in the market and within the complex have steadily appreciated over the last 5 years while keeping a low vacancy rate. The location of these apartments give tenants great access to employment,shopping,entertainment and local dining. With limited availability of market rate apartments in the city,these apartments make a great investment for any investor looking to maximize there return on investment. The current landlord provides tenants with many great benefits including a laundromat,trash dumpsters,snow removal,lawn care and paid water and sewer. Don't miss out on this rare opportunity to own an investment for the future.
Listed by Chad G Branson of Old Dominion Realty

Driving Directions

Carter Braxton Preferred Properties
Carter Braxton Preferred Properties
Office: 703-777-7772
1 N. King Street
Leesburg, VA 20175

More Info

Basic Information

  • Broker NameOld Dominion Realty
  • List Price$8,149,000
  • MLS NumberVAHC2000064
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot165
  • StatusPEN
  • Vacation Rental YNN

Property

  • Business TypeApartment Building
  • Lot Size SourceEstimated
  • Lot Size Square Feet4
  • New Construction YNN
  • Property SubTypeFive Or More Units
  • ZoningR3

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Tax Information

  • Tax Year2022
  • Taxes$49,523
  • Total Taxes Payment FrequencyAnnually

Location

  • Address0 Dutch Mill Ct
  • CountyHarrisonburg City
  • DirectionsI81 to Exit 247,33 west, to Martin Luther King Jr Highway, left on Reservoir street, Left on Dutch Mill Court
  • In City Limits YNY
  • StateVA
  • TownHarrisonburg
  • Water Oriented YNN
  • Zip22801

Utilities

  • Central Air YNN
  • CoolingNone
  • Cooling FuelNone
  • Heat SystemBaseboard - Electric
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Parking

  • Assigned Parking Spaces
  • Parking TypesParking Lot

Basic Information

  • Date Listed04/20/2022

Building

  • Building Area SourceEstimated
  • Building Area Total49338
  • Construction MaterialsBrick
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces
  • Year Built1978

Amenities

  • Accessibility AmenitiesNone

Other

  • View Count3

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Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Carter Braxton Preferred Properties participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated May 19, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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