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Sold for $60,000 on 11/22/24
  • $60,000

    216 College St, Martinsville, VA 24112

    --beds
    --baths
    3,270sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $18/sqft
    $1,072 Estimated rent

    What's special

    Discover an exceptional investment opportunity in the heart of Martinsville! This multi-family property offers steady passive income with five units, featuring a mix of one-bedroom and two-bedroom apartments. The property is a great income-generating asset with four of the five units currently occupied, providing immediate cash flow and investment stability. One unit is recently available, offering potential for increased revenue. Ample off-street parking is available, enhancing tenant satisfaction and accessibility. The property includes a partial basement and a walk-up attic. This building represents a promising investment with its steady income stream, strong potential for appreciation and strategic location in a thriving market. Don't miss the chance to add this high-potential asset to your portfolio. One of the owners is a Licensed Virginia Real Estate Agent.

    Zillow last checked: 7 hours ago

    Listing updated: March 20, 2025 at 08:23pm

    Listed by:

    Carrie Kendrick,

    KW Martinsville

    Bought with:

    Non Member Office

    Non Member Office

    Source: MVMLS,MLS#: 141835

    Facts & features

    Interior

    Interior area
    • Total structure area: 3,270
    • Total interior livable area: 3,270 sqft

    Property

    Features
    • Stories: 2
    Details
    • Parcel number: 000778200

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1930

    Community & neighborhood

    Location
    • Region: Martinsville
    • Subdivision: Martinsville

    HOA & financial

    Other financial information
    • Total actual rent: 600
    Services availability