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About this property
Located approximately one hour from the Roanoke MSA, this 97-unit multifamily community presents a stable investment opportunity in the growing Collinsville, Virginia market. Offering a mix of one-, two-, and three-bedroom floor plans, the property has consistently served strong local housing demand while maintaining historically low vacancy.
The community consists of eight residential buildings and features desirable amenities including a swimming pool, playground, and common laundry facilities. A separate three-bedroom home currently functions as both the on-site management office and a residential rental, creating additional income potential. The property also includes supplemental office and storage buildings, as well as an oversized surplus parking area that offers an excellent opportunity for future amenity additions or site expansion.
With proven operational stability and immediate in-place cash flow, investors have the opportunity to further enhance returns through strategic interior renovations and continued rent growth.
Investment Highlights
- 97-unit multifamily community
- Mix of one-, two-, and three-bedroom floor plans
- Historically strong occupancy with stable cash flow
- On-site three-bedroom home serving as the management office and rental residence
- Swimming pool, playground, and common laundry facilities
- Additional office and storage structures
- Surplus parking lot with future expansion or amenity potential
- Value-add opportunity through unit renovations and rent increases
Amenities and Features
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