97-Unit Multifamily Investment
For Sale
$7,445,000
81 Terry Court, Collinsville, VA 24078
Multifamily property with 97 units near Roanoke MSA.
Property Size83,940 SF
Price / SF$88.69
Days on Market163
Property Features for 81 Terry Court
General Information
Standard status
Active
Size
83,940 SF
Property subtype
Multifamily
Building Details
Building Size
83,940 SF
Year Built
1973
Listing Agency:
Linville Team Partners
Listed By:
Nick Gonzalez · License #268640
(336) 724-1715
Source:
Ltpcommercial
Added: Mar 27
Changed: Sep 4
Last Checked: Sep 5 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Linville Team Partners
Investment Insights
Based on property information with market context.
This property presents a stable investment opportunity, located approximately one hour from the Roanoke MSA. It features 97 units with layouts ranging from one to three bedrooms, addressing the housing demand in Collinsville, VA. The property comprises eight buildings, and includes common laundry facilities, a playground, and a swimming pool. A three-bedroom home is also located on-site, currently serving as both a residential rental and an on-site property management office. Additional office and storage structures are present, along with a surplus parking lot that could accommodate a future amenity or expansion. Historically, the property has maintained low vacancy rates, providing immediate yield with potential for increased rents through unit remodels. The property size is 83,940 square feet.
Key Highlights
- Stable investment opportunity with historically low vacancy.
- Significant upside potential in rents through unit remodels.
- 97 units with diverse 1‑3 bedroom layouts catering to housing demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 24078, VA
7,062
Population
3,323
Households
2.1
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
6.9 sq mi
ZIP Area
1,023
Density / Sq Mi
$51,579
Median Household Income
$33,260
Median Earnings
$725
Median Rent
$122,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 97 units near Roanoke MSA.
Where is this apartment building located?
The property is located at 81 Terry Court Collinsville, VA.
What is the asking price?
The asking price for this property is $7,445,000.
What are key features of this property?
This property features: Stable investment opportunity with historically low vacancy.; Significant upside potential in rents through unit remodels.; 97 units with diverse 1‑3 bedroom layouts catering to housing demand.
