Demand Is HIGH For Income Generating Properties


Demand Is HIGH For Income Generating Properties
By Scott Rogers • December 1, 2021
Everybody wants to buy a rental property. OK, well, not everybody... but seemingly, lots of people do! Two quads (four unit apartment buildings) in the vicinity of Eastern Mennonite University recently came on the market for $450K each. Both were under contract within a week with multiple offers, some with escalation clauses. One such recent multi-family listing had nine offers... the second had ten offers! So, yes, there seem to be plenty of investors seeking out income generating properties in the Harrisonburg area. Let me know if you are interested in considering the purchase of a rental property in the Harrisonburg area. As should be evident, you'll have LOTS of competition, but I'm happy to help you explore the opportunities if you are interested. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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