$3,850,000

100 Ridgeview Ln Bassett, VA 24055

Estimated payment $21,143/month

Total Views 157
-- Bed
-- Bath
49,800 Sq Ft
$77 Price per Sq Ft

About This Home

66-unit multifamily with low maintenance brick exterior in Henry County. 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 18 months including renovations on 75% of the units in order to increase the average rent from $430/unit to $677/unit. Additional due diligence materials available upon request.

Listing Agent

Cody McCraw

IVY REALTY OF ROANOKE LLC License #0225193921 Listed on: 09/04/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,919

Year Built

  • Built in 1978

Lot Details

  • 8.71 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 49,800 Sq Ft Home
  • Partial Basement

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 66 Units

Building Details

  • 66 Leased Units
  • Operating Expense $227,453
  • Gross Income $573,208
  • Net Operating Income $345,755

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,919

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Partial Basement
  • Cooling System: Heat Pump Electric
  • CondoAssocYN: No
  • Major Area: 14 - Henry County
  • NumberLeasedUnits: 66.00
  • NumberUnfurnished: 66.00
  • Hoa2 Or Poa: No
  • TotalAnnualExpen: 227453.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Private (10 or More)

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Schools

  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Property Group Id: 19990816212116581394000000
  • Total Acreage: 8.71
  • Present Use: Built-As
  • ZoningCode: SR

Building Info

  • Year Built: 1978

Tax Info

  • Taxes (6 mo): 3919.41
  • FILLTAXID: 15.9(044)000/061.61X

Multi Family

  • Tenant Pays: Electricity
  • Units In Building: 66.00
  • Multi Family Type: Apartments

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $3,850,000 +54.0% $77 / Sq Ft
06/21/2024 06/21/24 Sold $2,500,000 -- $50 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Source: Roanoke Valley Association of REALTORS®

MLS Number: 920685

Roanoke Valley Association of REALTORS®

APN: 005090000

Virginia Henry County Bassett 24055

100 Ridgeview Ln, Bassett, VA

This home is located at 100 Ridgeview Ln, Bassett, VA 24055 and is currently priced at $3,850,000, approximately $77 per square foot. This property was built in 1978. 100 Ridgeview Ln is a home located in Henry County with nearby schools including Stanleytown Elementary School, Fieldale-Collinsville Middle School, and Bassett High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Cody McCraw
Listing Agent
Cody McCraw
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IVY REALTY OF ROANOKE LLC
(276) 295-5426