# 575 Colonial Hill Dr, Bassett, VA 24055

> **TL;DR:** residential multi family, $270,000 ($85/sqft), built 1966, 3,176 sqft. Est. $1,170/mo. Listed 104 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $270,000 |
| Price/sqft | $85 |
| Square Feet | 3,176 |
| Year Built | 1966 |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 104 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,170 |
| **Total** | **$1,170** |

## Property Highlights

- Built in 1966

## Description

### Agent Description
Turnkey Investment Opportunity Near US 220! Don't miss this fully rented 5-unit multi-family rental complex generating $3,000 per month in rental income. With all units occupied, this property offers immediate, consistent cash flow from day one. Ideally located just minutes from U.S. Route 220, tenants enjoy quick and convenient access to both Martinsville and Roanoke, making it an attractive location for commuters and long-term renters alike. This property can be purchased separately or as part of a larger investment portfolio, offering flexibility for both new and seasoned investors looking to expand their holdings. Secure your next smart investment today! Showings to be held on Thursdays, Fridays or Saturdays. The units are tenant occupied, so please allow 3 days notice for showing requests.

## Location

- **Address:** 575 Colonial Hill Dr, Bassett, VA 24055
- **County:** Henry County
- **Coordinates:** 36.765725, -79.937608
- **Google Maps:** https://www.google.com/maps?q=36.765725,-79.937608

## Listing Agent

- **Name:** Tonya Bredamus
- **Brokerage:** KW Martinsville
- **Phone:** 2768069018
- **Email:** tonyabredamus@kw.com

## Primary Photo

![575 Colonial Hill Dr - Primary Photo](http://lh.rdcpix.com/3a79c679cdf573561eb8bfde828a9f2cl-f1578484769r.jpg)

*18 total photos available on [listing page](https://www.propertysimple.com/listing/575-colonial-hill-dr-bassett-va-24055-r146827)*

---

**MLS#:** 146827 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/575-colonial-hill-dr-bassett-va-24055-r146827)

---

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