Remarks

Take advantage of this rare opportunity to own a 7-bedroom split-level multi-family property! The house is situated on a spacious R3 medium-density zoned lot and is located off of Reservoir Street, being only minutes from James Madison University. This property currently generates $4,100 per month in rental income, with tenants covering all utilities and minor repairs. Current lease runs through April 1, 2025. Interior features include; 2,484 square feet of finished living space with 7 bedrooms, and 3 full baths (one bedroom and large bonus room in finished basement). The lower level includes an additional 1,172 square feet of unfinished space and a garage area—ideal for adding another kitchen and creating a separate living unit to maximize rental income. Recent updates over the past 5 years include paint, blinds, and new kitchen flooring. Don’t miss this opportunity to own a profitable rental property in a prime City location with a growing college Town!!

Details

MLS#: 661105
Price: $540,000

Style: Split Level
Bedrooms: 7
Baths Full: 3
Sq Ft: 2484
Year Built: 1970

Subdivision: Ridgeville Heights
Tax Fee: 3935

School Elementary: Stone Spring
School Middle: Skyline
School High: Harrisonburg