Description
Unique investment opportunity! Parkhurst Apartment are located at 990, 992 and 994 Chicago Avenue, close to EMU and downtown Harrisonburg. Comprised of three buildings with brick exterior walls, a composition shingle roof, and concrete slab and community laundry room, on approximately 1.67 acres. The properties consist of 32 one-bedroom apartments. Several of these have been upgraded with LVP flooring! These efficient apartments are 475 square feet with baseboard heat and wall mount air conditioning units are currently averaging $982 a month in rent per unit. The buildings were constructed in 1986 and have been maintained well with recent updates like new exterior decking and roof replacement. Currently 100% occupancy. Solid cash flow with $31,500 monthly rent gross rents plus additional income from the laundry! Professionally managed with all lease agreements and documents in good order
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0BEDS
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1.65ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Unique investment opportunity! Parkhurst Apartment are located at 990, 992 and 994 Chicago Avenue, close to EMU and downtown Harrisonburg. Comprised of three buildings with brick exterior walls, a composition shingle roof, and concrete slab and community laundry room, on approximately 1.67 acres. The properties consist of 32 one-bedroom apartments. Several of these have been upgraded with LVP flooring! These efficient apartments are 475 square feet with baseboard heat and wall mount air conditioning units are currently averaging $982 a month in rent per unit. The buildings were constructed in 1986 and have been maintained well with recent updates like new exterior decking and roof replacement. Currently 100% occupancy. Solid cash flow with $31,500 monthly rent gross rents plus additional income from the laundry! Professionally managed with all lease agreements and documents in good order
Listing information © 2026 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2026-05-11T08:12:31.387.