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.
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
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