Harrisonburg 4-Plex near JMU

Live auction by TRF Auctions

Starts Oct 9, 2024 12:30 PM EDT

Location: 398 E Market St, Harrisonburg, VA 22801

PROPERTY LOCATION 398 E Market St Harrisonburg, VA 22801 AUCTION LOCATION Live auction held off site at: Courtyard by Marriott 1890 Evelyn Byrd Ave, Harrisonburg, VA Online and phone bidding also available DETAILS Known as Rawley Apartments, this 4-plex fixer upper is a great investment opportunity near James Madison University!  Great location at the corner of E Market St and Myrtle St just 1 mile from the JMU campus and blocks from Court Square.  The property suffered a small electrical fire in December of 2022 and has been vacant since.  Great opportunity to take advantage of the college rental market or live in one unit and rent out the rest to offset costs. HIGHLIGHTS Rawley Apartments is a 4-unit multi-family home / 4-plex with some fire damage from Dec. 2022 Located in a designated qualified Opportunity Zone Great location 1 mile from James Madison University and 8 miles from Bridgewater College 2-story with 3,856 finished sq.ft. Each unit is 1 bedroom 1 bath Vacant since fire in Dec. 2022 Unfinished basement Nice 0.27 acre corner lot (tax map 034 V 8) Zoned R3 Highly desirable off-street parking Detached garage Tax assessment is $420,000.  Previously listed for $449,000. GREAT LOCATION Corner of E Market St and Myrtle St in the City of Harrisonburg 5 blocks from Court Square 1 mile to I-81 1 mile from James Madison University 8 miles from Bridgewater College 14 miles from Massanutten Resort 1 hour from Charlottesville 2 hours from Washington DC PREVIEW DATES Wednesday, Sept.25 from 4-6PM Wednesday, Oct.2 from Noon-2PM Sunday, Oct.6 from 1-3PM Day of sale from 10-11AM Private tours other days by appointment. Call 434-847-7741 DIRECTIONS TO PROPERTY From Charlottesville: I-64W 34mi to Staunton. Take exit 87 for I-81N. 26mi to exit 247B for US-33W.  At end of ramp, RIGHT on US-33W / E Market St. 1.4mi to property on right. From Winchester: I-81S 66mi to exit 247B for US-33W.  At end of ramp, RIGHT on US-33W / E Market St. 1.4mi to property on right. REAL ESTATE AGENTS 2% commission available. Call or email micah@trfauctions.com for registration form. TERMS SUMMARY 5% buyer's premium. 10% deposit due day of sale by cash or good check. Closing on or about 30 days. High Bid subject to seller confirmation.  Click on "Terms" tab for full terms and conditions. CONTACT Mike Torrence Torrence, Read, & Forehand Auctions 101 Annjo Ct, Forest, VA 24551 (434) 847-7741 Office (434) 660-5159 Mobile mike@trfauctions.com

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