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Sold Mar 7, 2025

40 South Ave

University Place Subdivision · Harrisonburg, VA 22801

$140,000
  • 3Bedrooms
  • 2Bathrooms
  • 1,004Square Feet
  • 1986Year Built

About This Home

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.

Timeline of the Sale

  1. Dec 4, 2024Listed for $129,000
  2. Dec 13, 2024Under contract after 9 days on the market
  3. Mar 7, 2025Sold for $140,000

Details

Sold Price
$140,000
Sold Date
Mar 7, 2025
List Price
$129,000
Sold Price vs. List Price
108.5%
Days On Market
9
Price Per Square Foot
$139
Sales Price Rank
#1,079 of 1,094 in the prior year
Bedrooms
3
Bathrooms
2
Square Feet
1,004
Year Built
1986
Garage
No
Home Type
Attached
Subdivision
University Place
MLS #
659230

Schools

  • ElementaryKeister
  • MiddleThomas Harrison
  • HighRocktown

Location

Listed by FATHOM REALTY

Other Recent Sales in University Place

60 South Ave Sold Oct 23, 2026
$145,000 4 days on market
60 South Ave
Harrisonburg, VA · University Place
  • 4 bd
  • 2 ba
  • 1,004 sq ft
  • built 1986
Listing by Old Dominion Realty Inc

Other Recent Sales at Similar Prices

60 South Ave Sold Oct 23, 2026
$145,000 4 days on market
60 South Ave
Harrisonburg, VA · University Place
  • 4 bd
  • 2 ba
  • 1,004 sq ft
  • built 1986
Listing by Old Dominion Realty Inc
580 Hawkins St Sold Jun 16, 2026
$130,000 11 days on market
580 Hawkins St
Harrisonburg, VA · Red Hills
  • 2 bd
  • 1 ba
  • 1,080 sq ft
  • built 1935
Listing by KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE