Address: 81 Terry Ct, Collinsville, VA 24078, USA
- *97 units
- -12 1/1’s
- -40 2/1’s
- -44 3/2’s
- -1 SFR + Office
- *97.92% occupied (94/96 units) > lets not mention occupancy for now
- *All roofs replaced in 2023
- *Playground, Swimming Pool, and Common laundry in each building
- *96 parking spaces plus bonus surplus lot for future expansion or amenity
- *Sale includes management office which also has a rentable 3br Unit
Property Description
Stable investment opportunity +- 1 hour from the Roanoke MSA, this property offers 97 units with layouts ranging from 1-3 bedrooms, offering housing solutions that have consistently met growing demand in Collinsville, VA. 8 buildings with common laundry, playground, and swimming pool- the property also features a 3br home that currently serves as an on-site property management office and residential rental. Onsite are additional office/storage structures and a surplus parking lot that would be ideal for a future amenity or expansion. The property has historically operated with low vacancy, providing stable immediate yield with significant upside in rents by completing unit remodels.