Auction Information
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...
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
REAL ESTATE AGENTS
2% commission available. Call or email 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.
From elevation to risk assessment
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Research Parcel InformationDirections
DIRECTIONS TO PROPERTY
From Charlottesville: I-64W 34mi to Stuanton. 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.