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$129,000
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Property Description
Investors take note! Great investment opportunity conveniently located near James Madison University! Current rental income is $950 on a yearly lease which renews Dec 2024. Tenant pays all utilities and has been in the unit over ten years and wishes to remain if possible. The monthly association fee covers common area maintenance, reserve funds, trash/snow removal, vinyl sidings, and roofing so this is a very low maintenance unit. Three bedrooms and two full bathrooms with steady income and low maintenance make this a perfect opportunity for the right investor! The property is available to view during the open house on Saturday, February 8 from 3-5pm. Property is tenant occupied. Please do not disturb tenant.
Full Property Details
Full Property Details for 40 South Ave #C
General
- Price: $129,000
- HOA FEE: $160/month
- Taxes: $1,054 (2024)
- Status: Active
- Type: Condo
- Source: BrightMLSMidAtlantic
- MLS ID: 659230
- Updated: 2/4/2025
- Added to Site: 63 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room, Kitchen, Full Bath, Additional Bedroom
- Interior Features: Entry Level Bedroom
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
- Bedroom 1: Additional Bedroom, Main
- Bedroom 2: Additional Bedroom, Main
- Bedroom 3: Additional Bedroom, Main
Other Rooms
- Living Room: Living Room, Main
- Kitchen: Kitchen, Main
- Dining Room: Dining Room, Main
Location
- County: Harrisonburg City
- Development Name: None Available
- Subdivision: None Available
- Building Name: QUADRANT 4 NS SOUTH AVE UNIT 40-C PHASE 1 UNIVERSI
- Driving Directions: From Port Republic, left on S Main, right on South Ave, Right into university place
Community
- Association: Yes
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Heating Type: Heat Pump(s)
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Unit/Flat/Apartment
- Foundation: Brick/Mortar, Block
- Stories/Levels: 0
- Stories Description: Main
- Square Feet: 1,004
- Sq. Ft. Source: Assessor
- Living Area: 1,004 Sq. Ft.
- Year Built: 1986
- Year Built Source: Estimated
Lot Features
- Zoning: R-3
Financial Considerations
- Price Per Sq. Ft.: $128.49
- Association Fee: $160
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,054
- Tax Year: 2024
Disclosures and Reports
- Ownership: Condominium
- Inclusions: Range, Refrigerator, washer, dryer
Listed by Fathom Realty, EMILY HARRIS HENRY
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Schools
Schools serving 40 South Ave #C
School District:Harrisonburg City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
100 Maryland Ave, Harrisonburg, VA 22801 | K-4 | 0.2 mi | |
1311 W Market St, Harrisonburg, VA 22801 | 5-8 | 1.3 mi | |
1001 Garbers Church Rd, Harrisonburg, VA 22801 | 9-12 | 1.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 40 South Ave #C
Date
Details
Price
Change
Source
12/04/2024
Listed
$129,000
12.17%
MLS
2/08/2023
Sold
$115,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 40 South Ave #C
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,204
20%
$119,200
14%
2023
$1,003
40%
$104,500
36%
2022
$717
16%
$77,100
12%
2021
$618
8%
$68,700
4%
2020
$573
—
$65,900
—
2019
$573
2%
$65,900
1%
2018
$560
57%
$65,200
32%
2015
$356
—
$49,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 40 South Ave #C
40 South Ave #C, Harrisonburg, VA 22801 (MLS# 659230) is a Condo property with 3 bedrooms and 2 full bathrooms. 40 South Ave #C is currently listed for $129,000 and was received on December 04, 2024. Want to learn more about 40 South Ave #C? Do you have questions about finding other Condo real estate for sale in Harrisonburg? You can browse all Harrisonburg real estate or contact a Coldwell Banker agent to request more information.