990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802
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990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802
990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802
990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802
990, 992, 994 CHICAGO AVE, Harrisonburg, VA 22802
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Virginia Capital

Virginia Capital

+1(804) 440-4663
$ 4,200,000
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Price Dropped by $200K

990, 992, 994 CHICAGO AVE Harrisonburg, VA 22802

15,712 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building

Listing Status Active

Purchase Type For Sale

Square Footage 15,712 sqft

Price per Sqft $267

MLS Listing ID 674218

HOA Y/N No

Year Built 1986

Annual Tax Amount $31,027

Tax Year 2026

Lot Size 1.650 Acres

Acres 1.65

Property Sub-Type Building

Property Description

Unique investment opportunity! Parkhurst Apartment are located at 990, 992 and 994 Chicago Avenue, close to EMU and downtown Harrisonburg. Comprised of three buildings with brick exterior walls, a composition shingle roof, and concrete slab and community laundry room, on approximately 1.67 acres. The properties consist of 32 one-bedroom apartments. Several of these have been upgraded with LVP flooring! These efficient apartments are 475 square feet with baseboard heat and wall mount air conditioning units are currently averaging $982 a month in rent per unit. The buildings were constructed in 1986 and have been maintained well with recent updates like new exterior decking and roof replacement. Currently 100% occupancy. Solid cash flow with $31,500 monthly rent gross rents plus additional income from the laundry! Professionally managed with all lease agreements and documents in good order

Location

State VA

County Harrisonburg

Zoning R-3 Multiple Dwelling Residential

Direction Mount Clinton Pike, Left onto Chicago Ave, properties on the left side.

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Flooring Concrete

Fireplace No

Exterior

Parking Features Private, Three or more Spaces

Fence None

Utilities Available Natural Gas Not Available

Water Access Desc Connected

Roof Type Composition,Shingle

Total Parking Spaces 64

Building

Sewer Connected

Water Connected

Level or Stories Two

Others

Tax ID 047 P 1

CAAR - GAAR - HRAR
Listed by Funkhouser Real Estate Group

Nearby Schools & Properties

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990, 992, 994 CHICAGO AVE

Virginia Capital

Virginia Capital

License ID: 0226018394

+1(804) 440-4663

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