1460 HILLCREST DR Harrisonburg, VA 22802

$309,000
1460 HILLCREST DR, Harrisonburg, VA 22802
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567791

Multi-Family Home for sale in Harrisonburg, VA

for $309,000. This 1,690 square foot home was built in 1951 on a lot size of 0.29 Acre(s).

Property Information

  • $309,000
  • Multi-Family
  • 1,690 Square Feet
  • Taxes are $2,229
  • Quadruplex
  • Active
  • Lot size of 0.29 Acre(s)
  • Built in 1951
  • Unit 1460, 14
  • Harrisonburg, VA
  • Harrisonburg City County
  • MLS/Web ID is 567791

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.

Interior 6

Appliances

  • Dryer Hook Up
  • Washer Hook-up

Basement

  • Finished

Cooling System

  • Window Unit(s)

Heating System

  • Oil

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 1

Foundation

  • Stone

Miscellaneous 2

Occupied

  • Tenant

Public Transportation Location

  • Close to Bus

Rental 1

Landlord Pays

  • Insurance
  • Maintenance
  • Management
  • Taxes
  • Water & Sewer

† Excluded Feature

Neighborhood & Schools

Elementary School: Waterman
Middle School: Thomas Harrison
High School: Harrisonburg

 See complete school information

Listed By

Broker: XREALTY.NET, LLC

1460 HILLCREST DR , Harrisonburg, VA, 22802 is a Multi-Family Home for sale at $309,000 with 1,690 sqft and a lot size of 0.29 Acre(s). 1460 HILLCREST DR has 0.0 baths and was built in 1951. The property's zip code is 22802 which is in Harrisonburg, VA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Harrisonburg $448,205 45 % above $242,200 22 % below
Multi-family listings in Harrisonburg $247,000 20 % below $247,000 20 % below
Sold listings in Harrisonburg $103,530 66 % below $78,750 75 % below

Local Sold History

Address Beds Baths Sqft Sold Price Sold Date Distance (miles)
2292 LAKE TERRACE DR
Harrisonburg, VA
2 2.00 1641.00 $208,000 1/23/2017 0.93
242 ERICKSON AVE
Harrisonburg, VA
5 2.00 0.00 $148,000 6/28/2017 2.61

Get the facts about Harrisonburg, VA!

Population 52,632
Population Growth (since 2000) 30 %
Median Income $40,490
Median Age 24.73
Households w/ Children 24 %

Residential Dwellings

  • Owned 6372
  • Vacant 1411
  • Rented 11053

Similar Listings

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