A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com
1402 Founders Way, Harrisonburg, VA 22801 • $254,900
MLS# 668731 • For Sale
| Subdivision: | Liberty Square |
| Area: | Harrisonburg |
| Heating: | Electric, Heat Pump |
| Cooling: | Heat Pump |
| Circa: | 2006 (19 years old) |
| Lot Size: | 0.05 acres |
| Association Fee: | $75 |
| Days on Market: | 10 (since Sep 5, 2025) |
| Listing By: | Kline May Realty |
Located in the heart of Harrisonburg, this well-maintained townhome offers 3 bedrooms, 2.5 bathrooms, and 1,408 finished square feet of comfortable living space? Plus, an additional 680 square feet in the walkout basement, ready to be finished to suit your needs. Situated in the established and desirable Liberty Square community, this home is ideal for first-time homeowners or investors looking for a strong rental opportunity. Enjoy a functional layout and the flexibility of expansion in the lower level? Perfect for a future rec room, home office, or guest suite. Fresh paint throughout, new flooring and move in ready! Don't miss this opportunity to own a solid home in a prime location, just minutes from shopping, dining, and all that Harrisonburg has to offer! As this is an estate sale the property will be sold AS IS. Home inspection shall be for informational purposes only.
| Elementary School: Smithland | Middle School: Skyline | High School: Rocktown |
Sample Liberty Square Investment Analysis....
| Property Details | ||
| Purchase Price | $257,500 | based on median sales price |
| Income (Annual) | ||
| Monthly Rental Rate | $1,350 | estimate based on currently available rental data |
| Projected Vacancy | 4% | half a month per year |
| Gross Operating Income | $15,552 | |
| Expense (Annual) | ||
| Real Estate Taxes | $2,318 | estimate based on median sales price |
| Repairs | $675 | estimate based on typical property condition |
| Association Dues | $600 | estimated to be $50 per month |
| Property Management | $0 | assuming self management |
| Insurance | $927 | estimate based on recent trends |
| Utilities | $0 | assumes tenant pays all utilities |
| Advertising | $100 | estimate |
| Total Operating Expenses | $4,620 | |
| Cash Flow Before Tax | ||
| Gross Operating Income | $15,552 | |
| - Operating Expenses | - $4,620 | |
| Net Operating Income | $10,933 | |
| - Annual Debt Service | - $17,508 | financing 80% of the purchase price at 7.75% |
| Cash Flow Before Taxes | $-6,576 | |