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 and some appliances. 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). Only 1 vacancy as of now. The income listed is based on projected rent of $700 per unit or $70K annually. Minimal expenses include real estate taxes, insurance, PSA water & sewer and dumpster of approximately $10K per year. Income producing laundry room included but not currently operational. Buyer can hire a company that installs and operates the laundry with shared income. Lot size, rents and expenses are estimated. Buyer to verify. Call now for an appointment to view this upscale investment opportunity.
Multi-familyProperty Type
1984Year Built
$90Price/Sq.Ft.
16 spacesParking
Listed by Elle Wilk• Southern Virginia Properties
Listed by Amanda Justus• Southern Virginia Properties
Contact: 2762992166
Bought with Elle Wilk• Southern Virginia Properties
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
—
Year renovated
—
Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Henry County
APN
40.3 (055) 00B/010,1
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Mar 20, 2025.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 16
Parking Features: Paved
Interior
Virtual Tour
Heating & Cooling
Has Heating
Heating: Electric
Interior Features
Appliances: Electric Water Heater
Room Information
Basement Details: None
Exterior
Exterior Features
Exterior Features: Balcony
Roof: Composition
Building Information
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Financial
Tax Information
Tax Annual Amount: $1,460
Utilities
Utility Information
Water Source: Public
Utilities: Cable Available
Sewer: Public Sewer
Location
Location Information
Subdivision Name: Collinsville
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Henry County
APN: 40.3 (055) 00B/010,1
Home facts updated by county records on Mar 20, 2025
Other
Listing Information
AttributionContact: 2762992166
Around this home
Schools
John Redd Smith Elementary School
Public PreK-5 • Assigned • 4.0mi
5/10
Fieldale-Collinsville Middle School
Public 6-8 • Assigned • 0.5mi
3/10
Bassett High School
Public 9-12 • Assigned • 2.9mi
1/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 102° expected this year, 17 days in 30 years
3/10 Wind Factor
4% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Collinsville, VA • 24078
Average low and high temperatures (°F)
45
27
52
33
69
43
75
51
77
55
88
65
89
71
81
64
81
59
72
48
63
42
50
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
99/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 3% for direct sun exposure in Collinsville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
7.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$362,000 – $439,000
Sell confidently with a local market expert in Collinsville.