81 Terry Court

Discover the potential of the Collinsville, VA area, where the property at 81 Terry Court is nestled. This location offers close proximity to the bustling Martinsville market, known for its strategic position and strong potential for multifamily / low-rise/garden development. Investors will appreciate the nearby attractions such as the Martinsville Speedway, Virginia Museum of Natural History, and Smith River Sports Complex, ensuring an enticing draw for potential tenants. With its vibrant community, convenient amenities, and easy access to major thoroughfares, this area presents a compelling opportunity for multifamily development, making 81 Terry Court an excellent investment prospect.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.