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Public Remarks:
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.
MLS Number:
149946
List Price:
$625,000
Property Type:
Multi-Family
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Location/Subdivision:
Collinsville
City:
Collinsville
County:
Henry County
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Listing Office Name: Southern Virginia Properties
Listing Office Phone1: (M) (276) 299-2166
Listing Agent Name: Elle Wilk
Co-Listing Office Name: Southern Virginia Properties
Co-Listing Office Phone1: (M) (276) 299-2166
Co-Listing Agent Name: Amanda Justus
Information Herein Deemed Reliable but Not Guaranteed
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