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Paul
$3,300,000
100 Ridgeview LN Bassett, VA 24055 MLS# 924635
1 / 30
Property Description 66-unit multifamily with low maintenance brick exterior in Henry County, Virginia. Additional income includes coin operated laundry equipment and internet subscription profit sharing with Comcast. All units sub metered for electricity. The current owners completed significant capital improvements to the property over the past 2 years including renovations on 100% of the units in order to increase the average rent from $430/unit to $680/unit. Additional due diligence materials available upon request.
Details
General Property Description
Multi-Family Type: Apartments
Construction Status: Completed
Total Acreage: 8.71
Present Use: Built-As
# Furnished: 0
# Unfurnished: 66
# Leased Units: 66
Gross Bldg SQFT: 49800
Basement Y/N: Yes
Water Class: N/A
Parking Description: Private (10 or More)
Gross Income: 568352
Year Built: 1978
Number of Units: 66
Operating Expense: 197745
Net Operating Income: 342190
Location, Tax & Legal
Major Area: 14 - Henry County
Phase: 0
Lot: 061.61X
Block: 044
Tax ID: 15.9(044)000/061.61X
Annual Taxes: 3838.94
Section: 15.9
Zoning Code: SR
POA Y/N: No
Area: 1400 - Henry County
Street Number: 100
Street Name: Ridgeview
Street Suffix: LN
State/Province: VA
Zip Code: 24055
Subdivision: N/A
Municipality: Henry County
Elementary School: Other - See Remarks
Middle School: Other - See Remarks
High School: Other - See Remarks
Remarks & Misc
Directions: U.S. 220 S to VA 57 W, R on Oak Level Rd, L on Ridgeview Ln
Limited Service
Not Limited Service: 1
Construction
Brick: 1
Basement
Partial: 1
Heating
Heat Pump Electric: 1
Cooling
Heat Pump Electric: 1
Water Description
Public: 1
Sewer Description
Public Sewer: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Owner Expenses
Lawn Care: 1
Trash Disposal: 1
Water: 1
Tenant Expenses
Cable TV: 1
Electricity: 1
Contract Information
Current Price: $3,300,000
List Price: $3,300,000
List Date: 2026-02-13
Status: Active
Property Features
Limited Service: Not Limited Service
Construction: Brick
Basement: Partial
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Water Description: Public
Sewer Description: Public Sewer
Water Heater Type: Tank
Water Heater Energy: Electric
Owner Expenses: Lawn Care; Trash Disposal; Water
Tenant Expenses: Cable TV; Electricity
Listing Office: IVY REALTY LLC
Last Updated: February - 13 - 2026
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