79 Ridgemont Cir - Apartments FOR SALE


Collinsville, VA 24078
$625,000 USD
276-299-2166
79 Ridgemont Cir, Collinsville, VA for Sale
$625,000 USD
Apartments - FOR SALE
1/9
null | 9.92% Cap Rate

79 Ridgemont Cir
Collinsville, VA 24078


HIGHLIGHTS

  • Newly Renovated with LVP Flooring, fixtures
  • Roof Replaced in 2022 - 2023
  • Parking Spaces for at least 2 cars per apartment
  • Private Setting, not visible from the main road
  • Public Water & Sewer included in rent

OVERVIEW

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. 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). As renovations are being completed now, the units are vacant. The income listed is based on projected rent of $750 per unit or $72K annually. Minimal expenses include real estate taxes, insurance, PSA water & sewer and dumpster of approximately $10K per year. Income producing laundry room included. Lot size, rents and expenses are estimated. Buyer to verify. Call now for an appointment to view this upscale investment opportunity.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

8

PRICE/UNIT

$78,125

CAP RATE

9.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgemont Circle

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

SR - Suburban Residential

APN/PARCEL ID

40.3(055 )000B/010 ,11, 12

ASK ABOUT THIS PROPERTY

Elle WilkSouthern Virginia PropertiesMore Info
276-299-2166

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Elle WilkSouthern Virginia PropertiesMore Info
276-299-2166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.