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    Turnkey Investment Opportunity Near US 220 Title is generated by Realmo AI

    575 Colonial Hill Dr, Bassett, VA 24055

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    For Sale
    $270,000

    MULTI_FAMILY - Bassett, VA

    Property size:
    3,176 SF
    Price / SF:
    $85/SF
    Added:
    Feb 17, 2026
    Days on Market:
    99
    Last Refresh:
    May 27 at 4:06 am

    Property Features for 575 Colonial Hill Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    3,176 SF

    Building Details

    Year built
    1966
    Floors in Building
    1

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    Listing Contact
    Tonya Bredamus

    Listing agent Tonya Bredamus

    Listing office KW Martinsville 5126 Kings Mountain Road, Collinsville, VA

    Listing date Feb 17, 2026

    MLS# 146827 Listing URL

    Copyright © 2026 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully rented 5‑unit multi‑family complex generating $3,000/month income.
    • Turnkey investment opportunity with immediate, consistent cash flow.
    • Convenient location near US 220, providing easy access to Martinsville and Roanoke.
    • Attractive location for commuters and long‑term renters.
    • Opportunity to purchase separately or as part of a larger investment portfolio.
    • Year Built: 1966

    Overview

    This is a fully rented 5-unit multi-family rental complex generating $3,000 per month in rental income. The property is located just minutes from U.S. Route 220, providing convenient access to both Martinsville and Roanoke. The property is in Bassett, Henry County, Virginia, with a total size of 3,176 square feet. This property can be purchased separately or as part of a larger investment portfolio. Showings are held on Thursdays, Fridays, or Saturdays with 3 days notice for showing requests due to tenant occupancy. This property offers immediate, consistent cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Accounting Firm Garden Center Discount Store Furniture & Home Goods (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bassett
    County
    Henry
    State
    Virginia
    Longitude
    -79.9378881
    Latitude
    36.7655479

    FAQs

    What type of property is this?
    Apartment building - Fully rented 5-unit multi-family complex generating $3,000 monthly income.
    Where is this apartment building located?
    The property is located at 575 Colonial Hill Dr Bassett, VA.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: Fully rented 5‑unit multi‑family complex generating $3,000/month income.; Turnkey investment opportunity with immediate, consistent cash flow.; Convenient location near US 220, providing easy access to Martinsville and Roanoke.
    More about this property
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