79 Ridgemont CIR, Collinsville, VA 24078
New Listing
$625,000
Property Type:
MultiFamily
Lot Size (sq. ft.):
56,628
Status:
Active
Current Price:
$625,000
List Date:
3/20/2026
Last Modified:
3/21/2026
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
General Property Description
Lot Dimensions: 1.3 acres appx
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 1.3
Present Use: Built-As
# Furnished: 0
# Unfurnished: 8
# Leased Units: 0
Gross Bldg SQFT: 6300
Basement Y/N: No
Water Class: N/A
Parking Description: Private (10 or More)
# Vehicle Spaces: 16
Gross Income: 72000
Year Built: 1984
Number of Units: 8
Operating Expense: 10000
Net Operating Income: 62000
Location, Tax & Legal
Major Area: 14 - Henry County
Phase: 0
Lot: 0
Block: 0
Tax ID: 40.3(055 )000B/010 ,11
Annual Taxes: 1460
Section: 0
POA Y/N: No
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
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: 1
Construction
Brick: 1
Heating
Other - See Remarks: 1
Cooling
Other - See Remarks: 1
Water Description
Public: 1
Sewer Description
Private Septic: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Amenities Common
Cable TV: 1
Owner Expenses
Trash Disposal: 1
Water: 1
Tenant Expenses
Cable TV: 1
Electricity: 1
Contract Information
Current Price: $625,000
List Price: $625,000
List Date: 2026-03-17
Status: Active
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: March - 21 - 2026
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