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Investment Highlights

  • 97 Units (1-3 bedroom layouts)
  • On Site Amenities (Laundry, Swimming Pool, Playground)
  • 8 Buildings
  • On Site Managing Office

Executive Summary

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.

Property Facts

Price $7,445,000
Price Per Unit $76,753
Sale Type Investment
Cap Rate 7.32%
No. Units 97
Property Type Multifamily
Building Size 83,940 SF
No. Stories 2
Year Built 1973
Parking Ratio 1.16/1,000 SF
Zoning SR - Residential (Multi-Family)

Amenities

Site Amenities

  • Laundry Facilities
  • Playground
  • Pool

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - -
2+1 59 - -
3+2 27 - -
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
  • Listing ID: 39854070

  • Date on Market: 3/20/2026

  • Last Updated:

  • Address: 81 Terry Ct, Collinsville, VA 24078

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