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Hess & Miller Real Estate

Hess & Miller Real Estate
Harrisonburg, VA 22801
540-434-7383
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Listing 25 out of 56
$309,000 For Sale

1460 Hillcrest Dr #1460, 14
Harrisonburg, VA 22802

4 units | Multi Family Home
12632 sq ft lot - MLS# 567791
Property Photo
1/6

Description

4-plex,Two 2 bedroom units and two 1 bedroom units. Located in B class neighborhood of Park View surrounded by well maintained residential properties. Apartments are currently 100% leased. Rents are significantly below market with the potential to increase rents immediately by a minimum of 18%-21%. The result is an asset that offers tremendous potential to purchase with advantageous seller financing terms and re-position in a thriving marketplace. This creates an opportunity for increased cash flow, substantial growth in equity and considerable tax benefits. The property will be purchased for $309,000 or $77,250 per door which is the lowest price for 4-plexes located in the Park View area.

Features

  • Property Type: Multi Family Home
  • Sub Type: Quad
  • Listing Status: Active
  • Listing Price: $309,000
  • County/Area: Harrisonburg County
  • Zip Code: 22802
  • Year Built: 1951
  • Subdivision/Neighborhood: Homeland
  • Elementary School: Waterman
  • Middle School: Thomas Harrison
  • High School: Harrisonburg
  • Sq.Ft.: 1,690 sq ft
  • Units: 4 units
  • Basement: Finished
  • Acres: 12632 sq ft lot
  • Zoning: R-2 Residential
  • Access: Bus On City Route
  • Air Conditioning: Window Unit(S)
  • Cable/Internet Available: Cable
  • Foundation: Stone
  • Geo Secondary City: Harrisonburg
  • Gross Rent: 2435
  • Heating: Oil
  • Laundry: Dryer Hookup, Washer Hookup
  • Originating Board: HRAR
  • Owner Pays: Insurance, Maintenance, Management, Trash, Taxes, Water/Sewer
  • Sewer/Septic: Public Sewer
  • Source Of Sq. Ft.: Owner
  • Unit 1: # Baths: 1
  • Unit 1: # Beds: 2
  • Unit 1: # Sqft: 800
  • Unit 1: # Units: 2
  • Unit 1: Type: 2 Bed Apt
  • Unit 2: # Baths: 1
  • Unit 2: # Beds: 2
  • Unit 2: # Sqft: 800
  • Unit 2: # Units: 2
  • Unit 2: Type: 2 Bed Apt
  • Unit 3: # Baths: 1
  • Unit 3: # Beds: 1
  • Unit 3: # Sqft: 500
  • Unit 3: # Units: 2
  • Unit 3: Type: 1 Bed Apt
  • Unit 4: # Baths: 1
  • Unit 4: # Beds: 1
  • Unit 4: # Sqft: 500
  • Unit 4: # Units: 2
  • Unit 4: Type: 1 Bed Apt
  • Water: Public Water
Listed By Xrealty.net, Llc



Hess & Miller Real Estate | 540-434-7383 | Contact Us
234 East Market St. - Harrisonburg, VA 22801
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