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
Agency Title: Massanutten Realty
Agency Phone: 540.289.6335
Estimated Payment
$ 2,859.86 per month $2,392.93 Principal & Interest $321.42 Property Tax $145.51 Homeowner's Insurance
316 North High St | MLS# 676528
This single family home located at 316 North High St, Harrisonburg, VA 22802 is currently listed for sale with an asking price of $498,900. This property was built in 1920 and has 6 bedrooms and 2 full and 1 partial baths with 2384 sq. ft. Search Harrisonburg real estate on www.massanuttenrealty.com today.