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
Overview
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 Details MLS# 925582
Location, Tax & Legal
- 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
- Major Area
- 14 - Henry County
- Phase
- 0
- Lot
- No
- Block
- No
- Tax ID
- 40.3(055 )000B/010 ,11
- Annual Taxes
- 1460
- Section
- No
- POA Y/N
- No
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
- # Furnished
- 0
- # Leased Units
- 0
Remarks & Misc
- Directions
- From Rte 220S to Bus-Rte220S to Right at 5th Ave, Left at Belmont St which turns into Longview St, Left at Ridgemont Circle, property at end of circle.
Limited Service
- Not Limited Service
- Yes
Construction
- Brick
- Yes
More Information
Heating
- Other - See Remarks
- Yes
Cooling
- Other - See Remarks
- Yes
Water Description
- Public
- Yes
Sewer Description
- Private Septic
- Yes
Water Heater Type
- Tank
- Yes
Water Heater Energy
- Electric
- Yes
Amenities Common
- Cable TV
- Yes
Owner Expenses
- Trash Disposal
- Yes
- Water
- Yes
Tenant Expenses
- Cable TV
- Yes
- Electricity
- Yes
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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