Tim Thompson
Licensed in the Commonwealth of Virginia
REALTOR®, CRS, GRI, ABR, SRES, e-PRO, AHWD, SRS
(540) 353-7073
BEDS2
BATHS1 full
SQUARE FEET843
MLS#931176
STATUSActive
PROPERTY TYPEResidential - Single Family
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Cooling: Central Air
Heating: Forced Air Gas
Home Style: Cottage
Taxes: $924
Year Built: 1940
Amenities
Ceiling Fan(s)
Feature Descriptions
Appliances: Microwave Oven (Built In)
Days on Site: 30
Exterior: Aluminum Siding
Floor: Luxury Vinyl Plank
Lot: Sloped Down, Level
Porch: Front Porch, Covered Porch
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: KEYSTONE REALTY OF ROANOKE LLC
Shown By
Agent Name: Tim Thompson
Agent Phone: (540) 353-7073
Agency Title: MKB, REALTORS
Estimate Your Payment
Estimated Payment
$ 350.12 per month $241.47 Principal & Interest $77.00 Property Tax $31.65 Homeowner's InsuranceChange Payment Information
Tim Thompson
Office: (540) 989-4555 ext. 310
Cell: (540) 353-7073
Toll Free: (800) 879-6527
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Agent License Information: Licensed in the Commonwealth of Virginia
402 S College St | MLS# 931176
This single family home located at 402 S College St, Martinsville, VA 24112 is currently listed for sale with an asking price of $108,500. This property was built in 1940 and has 2 bedrooms and 1 full baths with 843 sq. ft. Search Martinsville real estate on www.timthompsonrealtor.com today.