257 Old South High St

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Status: Active
Price: $324,000
Square Footage: 1854
Acres: 0.15
Year Built: 1910
MLS ID: #554064

Incredible Turn-Key Investment Opportunity! Extremely well managed 5 Bedroom student rental property. House is fully leased to 5 tenants through the 2017-2018 school year. All 5 tenants sign an individual lease with a co-signer. The leases include a strictly enforced renter’s insurance requirement and non-refundable cleaning fee, which is applied towards annual cleaning, maintenance, repairs, etc. The property earns an annual income of $30,540 with no additional out of pocket maintenance expenses. This property has enjoyed a 100% occupancy rate during the seller’s 3 year period of ownership. HVAC system is inspected and serviced quarterly.

Address: 257 Old South High St
City: Harrisonburg
State: VA
Zip Code: 22801
County: Harrisonburg
Property Type: Low Rise
Date Listed: 2016-11-02

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