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Multifamily

JMU Student Housing Portfolio

145 Campbell St, Harrisonburg, VA 22801

Listing Price: $3,150,000

Cap Rate
7.99%
Number of Units
12
Occupancy
95.0%
Price/Unit
$262,500
Price/Gross SF
$1,159.79
Gross SF
2,716

Investment Overview

The offering contains thirteen (12) separately deeded properties constructed between 1888 and 1985 and situated on approximately 2.50 cumulative acres. The subject properties are all within one mile from each other. The Harrisonburg Portfolio consists of (3) four-bedroom two-bathroom units, (6) three-bedroom one-bathroom units, (1) eight-bedroom three full bathroom and two half-bathroom unit, (1) eight-bedroom four full bathroom and one half bathroom unit, and (1)ten-bedroom five full bathroom and two half bathroom unit. The portfolio features central A/C, extra storage in basement, balcony/patio in select homes and spacious backyards. The tenants are responsible for all utilities. Located along Shenandoah Valley, the subject properties offer an array of outdoor attractions and recreational activities

Investment Highlights

  • Easy Access to I-64 W , I-81 N, and VA-253 W
  • 3 Miles from James Madison University
  • Located Near the Shenandoah Valley and Massanutten Ski Resort

Exclusively Listed By

Multifamily

JMU Student Housing Portfolio

Listing Price: $3,150,000

Cap Rate
7.99%
Number of Units
12
Occupancy
95.0%
Price/Unit
$262,500
Price/Gross SF
$1,159.79
Gross SF
2,716

Investment Highlights

  • Easy Access to I-64 W , I-81 N, and VA-253 W
  • 3 Miles from James Madison University
  • Located Near the Shenandoah Valley and Massanutten Ski Resort

Investment Overview

The offering contains thirteen (12) separately deeded properties constructed between 1888 and 1985 and situated on approximately 2.50 cumulative acres. The subject properties are all within one mile from each other. The Harrisonburg Portfolio consists of (3) four-bedroom two-bathroom units, (6) three-bedroom one-bathroom units, (1) eight-bedroom three full bathroom and two half-bathroom unit, (1) eight-bedroom four full bathroom and one half bathroom unit, and (1)ten-bedroom five full bathroom and two half bathroom unit. The portfolio features central A/C, extra storage in basement, balcony/patio in select homes and spacious backyards. The tenants are responsible for all utilities. Located along Shenandoah Valley, the subject properties offer an array of outdoor attractions and recreational activities

Exclusively Listed By

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