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79 Ridgemont Cir

Collinsville, VA 24078

$625,000 $2,635/Mo

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Overview

Bed

Bath

6,300

Sqft

1.30

Acres(Lot)

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.

Property Details

Property Type : Residential Income

Price : $625,000

AD Id : 76308945

MLS Id : 925582

Lot Size : 1.30 Acres

Living Area Size : 6,300

Year Built : 1984

Garage : 62000

County : Henry

Map

What's Nearby

Nearby Areas

Features

Interior Features

Appliances: Electric Water Heater

Building Information

Year Built: 1984 Construction Materials: Brick Private Pool: No

Lot Information

Lot Dimensions: 1.3 acres appx Lot Size Acres: 1.3

Property Information

Subdivision: N/A Source Property Type: Residential Income Property SubType: Multi Family Property Age: 42

Listing Price Information

Listing Price: $625000

Tax Information

Parcel Number: 40.3(055 )000B/010 ,11 Tax Lot: 0 Tax Block: 0 Annual Tax: $1460

Parking Information

Parking Total: 16

Garage Information

Has Garage: Yes Garage Space: 62000

School Information

Elementary School: Other - See Remarks

Junior High School: Other - See Remarks

Senior High School: Other - See Remarks
Location Information

Direction: 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.

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ByOwner last updated this listing 06/13/2026 @ 05:12

MLS: 925582 LISTED BY: ELLE WILK, SOUTHERN VIRGINIA PROPERTIES 276-299-2166 SOURCE: Roanoke Valley Association of REALTORS