2532 MILLWOOD LOOP, HARRISONBURG, VA 22801
Listing Presented By
Funkhouser Real Estate Group: Harrisonburg
Land - HARRISONBURG, VA
This 3.453 tract of R-3 zoned land offers a turn-key multi-family development opportunity in Harrisonburg, Virginia. Phases 1-4 of Millwood Loop Condominiums have already been completed. This land is the remainder of the condominium development (Phases 5 - 8) and is platted for 42 additional condominiums - (24) two-story 1130 SF condos build on a slab and (18) two-story 1260 SF condos with an unfinished basement. The engineering is complete, the infrastructure work (roads, water, sanitary sewer, storm sewer) is almost entirely in place, and the tap fees have been paid, all of which eliminates significant development costs. This land offers you the opportunity to build 42 condos and sell them (approx. $4.9M) or to lease them as an income.
Last Updated: April 8, 2017
Posted: September 20, 2016