316 North High St

About This Home

Located less than one mile from James Madison University in downtown Harrisonburg, this investment property features six bedrooms and two and a half bathrooms and is fully leased through June 2027, offering immediate, stable cash flow. Gross monthly income is $4,770 for the upcoming lease term. Rear alley access provides convenient off-street parking, a valuable amenity in this location. The property has seen numerous capital improvements, including a new boiler, replacement of all visible knob-and-tube wiring. Additional updates include new kitchen and laundry flooring, thermostat replacement, and a new washer (March 2024). With strong income, key system upgrades, and a prime location, this is a good investment opportunity. A zoning verification letter is available upon request.

Details

Price

$498,900

Status

Under Contract

Bedrooms

6

Bathrooms

2.5

Square Feet

2,384

Year Built

1920

Lot Size

0.17 acres

Days On Market

59

MLS #

676528

Features

Basement

Inside Access, Unfinished

Heating

Forced Air, Natural Gas

Cooling

None

Water & Sewer

Public Water, Public Sewer

Internet

Cable

Schools

• ElementaryWaterman
• MiddleThomas Harrison
• HighHarrisonburg

Location