79 Ridgemont CIR, Collinsville, VA 24078

$625,000
Property Type: MultiFamily Lot Size (sq. ft.): 56,628 Status: Active
Current Price: $625,000 List Date: 3/20/2026 Last Modified: 4/30/2026

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. 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.

More Information MLS# 925582

Contract Information

Current Price: $625,000 List Price: $625,000 List Date: 2026-03-17 Status: Active

General Property Description

Multi-Family Type: Apartments Construction Status: Completed Year Built: 1984 Present Use: Built-As Number of Units: 8 # Unfurnished: 8 Gross Bldg SQFT: 6300 Lot Dimensions: 1.3 acres appx Total Acreage: 1.3 Basement Y/N: No Parking Description: Private (10 or More) # Vehicle Spaces: 16 Operating Expense: 10000 Net Operating Income: 62000 Gross Income: 72000 Water Class: N/A

Location Legal Taxes

Area: 1400 - Henry County Street Number: 79 Street Name: Ridgemont Street Suffix: CIR State/Province: VA Zip Code: 24078 Subdivision: N/A Municipality: Henry County Elementary School: Other - See Remarks Middle School: Other - See Remarks High School: Other - See Remarks

Property Features

Limited Service: Not Limited Service Construction: Brick Heating: Other - See Remarks Cooling: Other - See Remarks Water Description: Public Sewer Description: Private Septic Water Heater Type: Tank Water Heater Energy: Electric Amenities Common: Cable TV Owner Expenses: Trash Disposal; Water Tenant Expenses: Cable TV; Electricity
Listing Office: SOUTHERN VIRGINIA PROPERTIES
Last Updated: April - 30 - 2026
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