Scott P. Rogers, Funkhouser Real Estate Group
Scott P. Rogers    Funkhouser Real Estate Group    540-578-0102
A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group, 540-578-0102,
536 Pheasant Run Cir
Harrisonburg, VA
Sold for $239,900 on 1/29/2024
Here is a rare opportunity to invest in Pheasant Run! The current going rent is $475 a room but rents are going up to $505 next year. The manufacture date of the HVAC is 2016. The owner paid fees include: HOA (monthly) - $55; Electric Bill consideration - up to $120 per month (usually lower); Water Bill Consideration - up to $60 per month (usually lower); Internet/Cable - $214 per Quarter. The current owner uses Pheasant Run to manage the property and only pays a leasing fee ($160 last year). The current leases are through the current school year. The tenants have not been approached about renewing their lease for the next school year. The bank that holds the lien says the mortgage is assumable. A buyer would have to meet qualifications. The mortgage of just over $100,000 at 5.25% 30 year fixed. You wont want to miss this one!
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Basic Transaction Details
536 Pheasant Run Cir, Harrisonburg, VA
4 BR  •  2.5 BA  •  1,440 SF  •  0.05 acres  •  circa 1999
Sold for $239,900 on 1/29/2024
Listed by Funkhouser Real Estate Group
Timeline of the Sale
10/26/2023   Listed for $239,900
11/01/2023   Under Contract
1/29/2024   Sold for $239,900
Stats of the Sale
Under Contract after 6 Days on Market
Sold for 100% of Final List Price
Sales Price Ranking: #851 (of 1,056) in past year
Location, Location, Location
Photos - Worth A Thousand Words
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