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$625,000
79 Ridgemont CIR
Collinsville, VA 24078
64 days on market
Property Type
Residential Income
Year Built
1984
Lot Size
1.30 acres
Garage
—
About This Property
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) , south to Greensboro, NC (1 hr) 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.
Property Details
Interior
Exterior & Lot
- Lot Size
- 1.30 acres
- Year Built
- 1984
Location
- Subdivision
- N/A
- County
- Henry County
- ZIP Code
- 24078
Financial
- Listing Terms
- Annual Taxes
- $1,460
Utilities
- Utilities
- Sewer
- Private Septic
Schools
- Elementary
- Other - See Remarks
- Middle School
- Other - See Remarks
- High School
- Other - See Remarks
Interior Features
Heating
Other
Cooling
Other
Listing Information
- MLS #
- 925582
- Listing Agent
- ELLE WILK
- Listing Office
- SOUTHERN VIRGINIA PROPERTIES
- Listed Date
- May 23, 2026
Contact Florenchine Velasquez About This Property
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