81 Terry Ct - Apartments FOR SALE


Collinsville, VA 24078
$7,445,000 USD
336-724-1715
81 Terry Ct, Collinsville, VA for Sale
$7,445,000 USD
Apartments - FOR SALE
1/13
null | 7.32% Cap Rate

81 Terry Ct
Collinsville, VA 24078


HIGHLIGHTS

  • 8 Buildings with common laundry, playground & swimming pool
  • 1 bedroom, 2 bedroom and 3 bedroom unit configurations
  • 3 BR house included that serves as on-site property management office

OVERVIEW

Stable investment opportunity ±1 hour from the Roanoke MSA, this property offers 97 units with layouts ranging from 1-3 bedrooms, offering housing solutions that have consistently met growing demand in Collinsville, VA. 8 buildings with common laundry, playground, and swimming pool- the property also features a 3br home that currently serves as an on-site property management office and residential rental. Onsite are additional office/storage structures and a surplus parking lot that would be ideal for a future amenity or expansion. The property has historically operated with low vacancy, providing stable immediate yield with significant upside in rents by completing unit remodels.

FOR SALE DETAILS

PRICE

$7,445,000 USD

PRICE/SF

$89 USD /SF

# OF UNITS

97

PRICE/UNIT

$76,753

CAP RATE

7.32%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

81 Terry Court, Collinsville, VA 24078

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

121

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,289 SF

ZONING

SR-Residential

APN/PARCEL ID

147955000

ASK ABOUT THIS PROPERTY

Nick Gonzalez, CCIMLinville Team PartnersMore Info
336-724-1715

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Nick Gonzalez, CCIMLinville Team PartnersMore Info
336-724-1715

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