Residential Investment Property - Harrisonburg VA

**AUCTION** List price is tax assessment value only. Selling price to be determined at auction. Bidding will start at $25,000. Property will be auctioned by Mountain Valley Auction Group via online-only auction. Online bidding will close at 1 PM ET on March 27, 2026. Property is being sold AS IS and is subject to a 10% buyer's premium pursuant to the terms and conditions. Please visit the Mountain Valley Auction Group website for a full list of auction information, including all terms and conditions. VAF1028. 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.