#1 • Residential Investment Property - Harrisonburg VA

Part of Residential Investment Property - Harrisonburg VA (timed auction by Mountain Valley Auctions)

High bid $206,000.00

Status: Sold

Valuable Real Estate For Sale @ Online Auction Bidding Closes March 27, 2026 @ 1:00 PM In partnership with REAL Broker LLC/Trevor Crider Real Estate we are offering at online auction the real estate and improvements located at 851 College Ave Harrisonburg VA 22802. This residential rental property sits on 0.25+/- acres zoned R2 in the Park View neighborhood. It features 1,162 sq ft of above ground living space with 3 bedrooms, and 1 bath. It is currently leased and can provide immediate income for the new owner. This is an excellent opportunity for investors and property managers to buy an income producing property that is currently under a 12 month lease with 7+ months remaining and will transfer with new owner. The current lease is for $1,495 per month (documentation available for qualified bidders) and expires Oct 31, 2026 with renewals possible. It is currently being managed by a property management firm. Invest in your future and add this property to your portfolio. This house was constructed in 1942 and has a low maintenance exterior with metal roof and vinyl siding. It is heated and cooled by a heat pump HVAC system replaced within the past 5 years. The bathroom was remodeled less than 1 year ago. The interior features hardwood and laminate flooring and appliances convey with the property. A one car garage and concrete driveway provide off street parking space. There is a large backyard area along with a rear deck for entertaining. This is on a quiet dead end street in a great neighborhood with easy access to shopping, dining, parks, and the best that Harrisonburg VA has to offer. This is not a foreclosure or tax sale. Our sellers have elected to use transparent and competitive bidding to establish the sales price of the property. Don't miss this great opportunity to buy income producing property in Harrisonburg VA. All Bids Must Be Submitted Online. Click The "Bid Online Now" Button To Bid The bidding for this property will close at 1:00 PM March 27, 2026 with a two minute auto extend.  This means that if a bid is placed within the last two minutes the bidding will be extended for an additional two minutes. This property is being offered in partnership with REAL Broker LLC/Trevor Crider Real Estate and Sells To The Highest Bidder With A Starting Bid of Only $25,000 Property Tour: Tuesday March 17 @ 1PM, or at other dates and times by appointment. Please Call or Text Linford Berry (Auctioneer) - 540-476-3309 or Trevor Crider (Agent)- 540-820-5607 for more information. This property is occupied so please do not visit the property without an agent. Property Highlights: Quiet Park View Neighborhood 0.25 +/- Acre Lot Zoned R2 Monthly Rental Income $1,495 No HOA! Home Built In 1942 Heat Pump HVAC replaced within past 5 years Metal Roof 3 Bedrooms, 1 Bath Attached Single Car Garage Appliances Convey Municipal Water and Sewer Electric Service By Harrisonburg Electric 2026 Tax Assessed Value $264,000 2025 Real Estate Taxes $2,617 Additional Information, Photos, And Video Can Be Found At The Tab Or Dropdown Menu At The Top Of This Page. Do You Need Financing For This Property?  We Recommend The Following Lenders: F&M Mortgage First Bank Julie Yoder - Integrity Home Mortgage Corp Michelle Fix- Alcova Mortgage Terms and Conditions: WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction.  Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000). Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing within 45 days of the auction.  Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days. Financing can be obtained for the property, but the sale is not contingent upon obtaining financing. All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property. View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu at the top of the page under the photo. Note For Real Estate Agents: Preapproved (No later than 5:00 PM on March 26) buyers agent participation will be compensated. Click Here For Form