402 S College St, Martinsville, VA 24112
- $109,950
- 2
- BD
- 1
- BA
- 843
- SqFt
- List Price
- $109,950
- Days on Market
- 3
- Status
- ACTIVE
- MLS#
- 931176
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 843
- Style
- Cottage
- Year Built
- 1940
Property Description
Appraised @ $120,000. Tenant-Occupied, Income-Producing Investment Opportunity in Martinsville Turnkey rental property with established tenant and immediate cash flow at 402 College St in Martinsville, VA. This well-maintained investment offers consistent rental income, efficient operating expenses, and strong long-term upside in a market with proven tenant demand. The property is currently tenant occupied, providing investors with instant income from day one--no vacancy, no leasing delays. Its functional layout and low-maintenance features make it ideal for buy-and-hold investors seeking reliable returns and portfolio stability. Conveniently located near downtown Martinsville, employment centers, shopping, and local amenities, this property benefits from a location that supports ongoing rental demand and stable occupancy. This is an excellent opportunity for both new and experienced investors looking to expand their portfolio with a performing asset.
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Additional Information
- Area
- 1300 - City of Martinsville
- Subdivision
- N/A
- Neighborhood
- 1300 - City of Martinsville
- Taxes
- $924
- Interior Features
- Ceiling Fans
- Flooring
- Vinyl
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Other - See Remarks
- Middle School
- Other - See Remarks
- High School
- Other - See Remarks
- Remarks
- Appraised @ $120,000. Tenant-Occupied, Income-Producing Investment Opportunity in Martinsville Turnkey rental property with established tenant and immediate cash flow at 402 College St in Martinsville, VA. This well-maintained investment offers consistent rental income, efficient operating expenses, and strong long-term upside in a market with proven tenant demand. The property is currently tenant occupied, providing investors with instant income from day one--no vacancy, no leasing delays. Its functional layout and low-maintenance features make it ideal for buy-and-hold investors seeking reliable returns and portfolio stability. Conveniently located near downtown Martinsville, employment centers, shopping, and local amenities, this property benefits from a location that supports ongoing rental demand and stable occupancy. This is an excellent opportunity for both new and experienced investors looking to expand their portfolio with a performing asset.
- Appliances
- Microwave
Mortgage Calculator
Listing courtesy of KEYSTONE REALTY OF ROANOKE LLC.