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600 Norwood St
Harrisonburg, VA 22801
FULLY LEASED 15-UNIT APARTMENT BUILDINGS · Multifamily Property For Sale
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15 Units
Executive Summary
Mid-size apartment buildings in Harrisonburg like this don’t hit the market very often! Located in the center of Harrisonburg, just off the I81 interchange and E Market Street, these units are within a few minute drive to restaurants, retail, grocery and entertainment. 600 and 620 Norwood Street offer 15 total, fully leased, units and are in an area of traditionally higher rental demand. Each unit is 1 bed, 1 bath and 500 +/- sq feet. With long-lasting brick construction and current rents below market rate, there is room to add value and own long-term income producing multifamily property. In addition, owner will also be installing a new roof prior on 600 Norwood Street prior to closing, which will help limit future capital expenses. Don’t miss this great investment opportunity!
Property Facts
| Price Per Unit | $148,105 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.68 AC |
| No. Units | 15 | Building Size | 5,400 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Zoning | R3 | ||
| Price Per Unit | $148,105 CAD |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 5,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
Property Taxes
| Parcel Number | 027-S-40-43 | Improvements Assessment | $841,585 CAD |
| Land Assessment | $229,523 CAD | Total Assessment | $1,071,108 CAD |
Property Taxes
Parcel Number
027-S-40-43
Land Assessment
$229,523 CAD
Improvements Assessment
$841,585 CAD
Total Assessment
$1,071,108 CAD
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