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402 College St, Martinsville, VA, 24112

2beds
1baths
843sqft
$117,275
$139price/sqft
$986/moest. monthly cost
$39,440/yrincome needed

About This Home

Tenant-Occupied, Income-Producing Investment Opportunity in MartinsvilleTurnkey 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. Package opportunity available: Property can be purchased individually or as part of a portfolio including 216 College St, 612 E Church St, and 29 Broad St, offering scale, diversification, and increased cash flow potential. Investment properties with tenants in place and proven income history are in high demand--schedule your showing and secure this opportunity today.

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
20
BikeSomewhat Bikeable

Schools

6/10
3/10
Martinsville High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 1940

Materials

  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Refrigerator

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 843

Heating

  • Heating features: Heat Pump Gas

Interior Area

  • Total structure area: 843
  • Total interior livable area: 843 sqft

Property

Details

  • Parcel number: 42 (18 )00 /09A

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,256 sqft