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.
Closed
$140,000
40 South Ave APT C, Harrisonburg, VA 22801
3beds
1,004sqft
Condominium
Built in 1986
-- sqft lot
$141,000 Zestimate®
$139/sqft
$1,721 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 10, 2025 at 10:29am
Listed by:
EMILY HARRIS HENRY 540-478-4928,
FATHOM REALTY
Bought with:
Duncan Rutherford, 0225240181
eXp Realty LLC
Source: CAAR,MLS#: 659230
Originating MLS: Charlottesville Area Association of Realtors

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Heating
- Heat Pump
Cooling
- Heat Pump
Features
- Primary Downstairs
- Has basement: No
Interior area
- Total structure area: 1,004
- Total interior livable area: 1,004 sqft
- Finished area above ground: 1,004
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
Details
- Parcel number: 019 E 40C
- Zoning description: R-3 Multiple Dwelling Residential
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Stick Built
- Foundation: Block, Brick/Mortar
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Harrisonburg
- Subdivision: UNIVERSITY PLACE
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $160 monthly
Services availability

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