1041 Shenandoah St, HARRISONBURG, 22802

Multi-Family - 4+ Apts

$4,800,000

2Beds
–Full Baths
–Half Baths

34,204Sqft
1.91Acres
1980Built
37DOM
MLS® #: 637308
Pending, 37 Days on Market
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Mattias Clymer

REALTORĀ®

  • Office 540-434-2400
  • Cell 540-246-9067
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38 UNIT TOWNHOMES COMPLEX FOR SALE. Located at 1041,1045,1049, 1053 and 1057 Shenandoah Street, Harrisonburg, VA, the Farm Gate Townhomes are five buildings constructed with brick veneer & vinyl exterior walls, a composition shingle roof, and crawl on approximately 1.9 acres. The properties consist of 38 townhouses with 2 bedroom and 1.5 bath. The average unit size is 900 square feet with baseboard heat and wall mount PTAC unit. The buildings were constructed in 1980 and have been maintained well. Other improvements include the paved parking lot, concrete sidewalks and lights, and typical landscaping. 90% of the units have been updated with new flooring and updated fixtures in the last six years. Currently 100% occupancy. Tenants pay all utilities. Solid cash flow with approximately $32,940 in gross monthly income. Superbly located with a bus route and close to all City amenities.

Price & Status History

Date Details
Status Changed from Active to Pending

Essential Information

MLS® #: 637308
Price: $4,800,000
Bedrooms: 2
Total Bathrooms: 1.50
Square Footage: 34,204
Acres: 1.91
Year Built: 1980
Type: Multi-Family
Sub-Type: 4+ Apts
Status: Pending

Community Information

Address: 1041 Shenandoah St
Area: Harrisonburg
Subdivision: NONE
City: HARRISONBURG
State: Virginia
Zip Code: 22802

Interior

Interior: Carpet, Vinyl
Appliances: Electric Range, Pantry, Refrigerator
Heating: Baseboard, Electric
Cooling: Wall Unit(s)
Has Basement: Yes
Basement: Crawl

Exterior

Exterior: Brick, Vinyl
Lot Description: Fenced Part
Roof: Composition Shingle
Foundation: Concrete Block

School Information

Elementary: Waterman
Middle: Thomas Harrison
High: Harrisonburg

Additional Information

Date Listed: December 19th, 2022
Days on Market: 37
Zoning: R-3 Multiple Dwelling Residential
Listing Office: Cottonwood Commercial LLC
Listing Agent: Jason Song

Listing Details

Listing Office: Cottonwood Commercial LLC

Financials

$/SqFt: $140

Neighborhood Information for 1041 Shenandoah St

Stable Population, Moderate Residential Turnover

  • Lows

    • January 20.40℉
    • July 61.60℉
  • rain icon

    Precipitation

    • 36.12"

  • Highs

    • January 40.50℉
    • July 85.30℉

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