79 Ridgemont Circle, Collinsville, VA 24078
79 Ridgemont Circle, Collinsville, VA 24078
79 Ridgemont Circle, Collinsville, VA 24078
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Tiffany R. Millner

Tiffany R. Millner

+1(336) 888-9161
Listed by Southern Virginia Properties
$615,000
Est. payment /mo
1 Bath
6,300 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $97

Subdivision Collinsville

MLS Listing ID 149946

Year Built 1984

Lot Size 1.477 Acres

Property Sub-Type Multi Family

Property Description

Newly renovated 8 unit apartments, one bedroom, one bath each in a private setting in the Collinsville area of Henry County, VA. Renovations include luxury vinyl plank flooring, fresh paint, and new fixtures and some appliances. Roof replaced in 2022-2023 per previous owner. Schools, shopping, hospital and two colleges are within 10 miles. Easy commute north to Roanoke (45 min drive) , south to Greensboro, NC (1 hr drive) and east to Danville, VA (30 min). Only 1 vacancy as of now. The income listed is based on projected rent of $700 per unit or $70K annually. Minimal expenses include real estate taxes, insurance, PSA water & sewer and dumpster of approximately $10K per year. Income producing laundry room included but not currently operational. Buyer can hire a company that installs and operates the laundry with shared income. Lot size, rents and expenses are estimated. Buyer to verify. Call now for an appointment to view this upscale investment opportunity.

Location

State VA

County Henry County

Area Henry County

Rooms

Basement None

Interior

Heating Mini-Split

Cooling Mini-Split

Flooring Other

Fireplaces Type Electric

Appliance Electric Water Heater

Exterior

Exterior Feature Balcony

Parking Features Paved Drive

Garage Spaces 16.0

Utilities Available Cable Available, Utilities On

Roof Type Composition

Building

Story 2

Sewer Public Sewer

Water Public

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Tiffany R. Millner

Tiffany R. Millner

+1(336) 888-9161

NC Broker/REALTOR/VA Salesperson License ID: NC 351224, VA 0225273225

NC Broker/REALTOR/VA Salesperson License ID: NC 351224, VA 0225273225

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