$625,000

79 Ridgemont CIR, Collinsville, VA 24078

  • 6,300 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon1.3acre lot
  • Property Parking Icon 16 car garage
  • Property Price Per Square Feet Icon $99/sqft
  • Property List Date Icon Listed 15 days ago

Property 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.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 4:21AM
Listing Office:
SOUTHERN VIRGINIA PROPERTIES : (276) 299-2166
MLS ID:
925582
  • Parking: Built-AsParking spaces: 8
  • County: Henry County
  • Zoning: 40.3(055 )000B/01011

This listing courtesy of SOUTHERN VIRGINIA PROPERTIES

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

G.W. Carver Elementary School

220 Trott Cir, Martinsville, VA, 24112

Grades PK-5

2.34 miles away

F

Fieldale-Collinsville Middle School

645 Miles Rd, Collinsville, VA, 24078

Grades 6-8

0.46 miles away

B

Bassett High School

85 Riverside Dr, Bassett, VA, 24055

Grades 9-12

2.93 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.