Demand Is HIGH For Income Generating Properties
Scott P. Rogers
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.
