212 College Street
New
New
Description
Attention investors. .. this is a wonderful opportunity to own a turnkey full leased triplex that the seller has gotten preapproved for a loan with a national lender. No W2 or Tax returns needed. Worried about property management? The current property management company is interested in continuing to manage. This property is completely renovated. Features include all new flooring, lighting and paint, and remodelled kitchens. Bathrooms are also updated...1% rule, 10% cap rate, Property is Preapproved
Attention investors. .. this is a wonderful opportunity to own a turnkey full leased triplex that the seller has gotten preapproved for a loan with a national lender. No W2 or Tax returns needed. Worried about property management? The current property management company is interested in continuing to manage. This property is completely renovated. Features include all new flooring, lighting and paint, and remodelled kitchens. Bathrooms are also updated with new vanities, fixtures and lighting. Other features include two newer heat pumps, a gorgeous covered front porch, oversized bedrooms, tall baseboard and door trim and plenty of parking. All things a quiet neighborhood with an open field in the front for space and privacy.
- Listed by GRANT COCKRELL • RE/MAX ALL STARS
Property Details for 212 College Street
Property Details for 212 College Street
| Status | Active |
|---|---|
| MLS # | 912642 |
| Days on Market | 1 |
| Taxes | $297 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | MultiFamily |
| Year Built | 1915 |
| Lot Size | 0.43 AC / 18,730 SF |
| County | Martinsville Independent City |
Building Information for 212 College Street
Property Information for 212 College Street
- Directions: 220 south to Martinsville, left on Virginia Ave into Martinsville, left on Commonwealth, right on Market Street, right on College to property on right
- MLS Area Major: 1300 - City of Martinsville
- City: Martinsville
- State Or Province: VA
- Postal Code: 24112
- County Or Parish: City of Martinsville
- MLS Area Minor: 1300 - City of Martinsville
- General Property Description - Water Class: N/A
- Association YN: No
- Association Fee: $0
- Parcel Number: 2 (01 )N /30
- Tax Block: 0
- Tax Lot: 0
- Tax Tract Or Section: 0
- Tax Amount: $297
- Location Legal Taxes - Phase: $0
- Location Legal Taxes - Annual Taxes: $297
- Location Legal Taxes - Section: 0
- Location Legal Taxes - POA YN: No
- Elementary School: Other - See Remarks
- Middle Or Junior School: Other - See Remarks
- High School: Other - See Remarks
- Attached Garage: No
- General Property Description - Parking Description: Private (1 - 9)
- Lot Size Acres: 0.43
- Lot Size Area: 0.43
- Lot Size Units: Acres
- Lot Size Square Feet: 18730.8
- General Property Description - Total Acreage: 0.43
- Total Bathrooms Source: MLS
- Property Type: MultiFamily
- Year Built: 1915
- Property Type Label: MultiFamily
- General Property Description - Construction Status: Completed
- General Property Description - Present Use: Built-As
- Sewer: Public Sewer
- Water Description - Public Water: Yes
- Construction Materials: Aluminum Siding, Wood Siding
- Water Heater Type - Tank: Yes
- Water Heater Energy - Electric: Yes
- Cooling: Central Air
- Heating: Heat Pump
- Interior Features: Breakfast Area, Ceiling Fan(s), Storage
- Basement: Crawl Space
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Cooling: Yes
- Heating: Yes
- General Property Description - Basement: No
- Interior Features - Breakfast Area: Yes
- Interior Features - Ceiling Fan: Yes
- Interior Features - Storage: Yes
- General Property Description - # Furnished: 0.0
- General Property Description - # Unfurnished: 3.0
- Number Of Units Total: 3
- General Property Description - # Leased Units: 3
- Gross Scheduled Income: $31,740
- Operating Expense: $3,097
- Insurance Expense: $1,000
- General Property Description - Gross Income: $31,740
- Gross Income: $31,740
- Net Operating Income: $28,643
- Expenses - Water Exp: $1,800
- Unit Number: Type 3
- Units Total: 1
- Beds Total: 1
- Furnished: 1
- SqFt: 939
- Parking: Refrigerator
- Rent: Range Electric
- Bathroom: Clothes Dryer
- Remarks: Clothes Washer
- Unit Number: Type 3
- Units Total: 1
- Beds Total: 1
- Furnished: 1
- SqFt: 800
- Parking: Refrigerator
- Rent: Range Electric
- Bathroom: Clothes Dryer
- Remarks: Clothes Washer
- Unit Number: Type 3
- Units Total: 1
- Beds Total: 1
- Furnished: 1
- SqFt: 573
- Parking: Refrigerator
- Rent: Range Electric
- Bathroom: Clothes Dryer
- Remarks: Clothes Washer
- Lease Term: One Year
- Tenant Expenses - Cable TV: Yes
- Tenant Expenses - Electricity: Yes
Property History for 212 College Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 212 College Street
Schools near 212 College Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Albert Harris Elementary School PublicK to 5 | ||
Martinsville Middle School Public6 to 8 | ||
Martinsville High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of RE/MAX ALL STARS, GRANT COCKRELL
Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
