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81 Terry Court, Collinsville, VA 24078 81 Terry Ct 97 Unit Apartment Building $10,096,164 CAD ($104,084 CAD/Unit) 7.32% Cap Rate Collinsville, VA 24078
Investment Highlights
- 8 Buildings with common laundry, playground & swimming pool
- 3 BR house included that serves as on-site property management office
- 1 bedroom, 2 bedroom and 3 bedroom unit configurations
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.
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 | $10,096,164 CAD | Property Subtype | Apartment |
| Price Per Unit | $104,084 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 4.07 AC |
| Cap Rate | 7.32% | Building Size | 83,940 SF |
| No. Units | 97 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Zoning | SR-Residential - SR-Residential (Multi-family) | ||
| Price | $10,096,164 CAD |
| Price Per Unit | $104,084 CAD |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Units | 97 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 4.07 AC |
| Building Size | 83,940 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | SR-Residential - SR-Residential (Multi-family) |
Amenities
Site Amenities
- Laundry Facilities
- Playground
- Pool
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81 Terry Court, Collinsville, VA 24078 | 81 Terry Ct
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