1046 Terrace Drive, Marion, VA 243554
1046 Terrace Drive, Marion, VA 243554
1046 Terrace Drive, Marion, VA 243554
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Jamie Crews

Jamie Crews

+1(304) 887-7541
Listed by Appalachian Realty Co.
$899,999
Est. payment /mo
8,250 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,250 sqft

Price per Sqft $109

Subdivision Marion

MLS Listing ID 94332

Year Built 1985

Annual Tax Amount $3,745

Tax Year 2024

Lot Size 0.690 Acres

Property Sub-Type Mixed Use

Property Description

Great investment....1046 Terrace Drive Student Suites & Business Rental Investment Property....Tour this facility that features 8250 sq.ft. of updated & well maintained, established rentals. Main level consists of rentals w/2 year lease terms, currently at full capacity, & include 4 suites housing 2 students each. Each student has a spacious en suite with private bath, closet, study desk area & enough room for a queen size bedroom suite. Shared common area is kitchen/living/dining. All suites have granite countertops, tub/shower enclosures & pantry storage. Internet and all utilities are included in rent. Coin operated laundry area open to all residents. Mail boxes onsite. One Handicap Unit. 8 rentals at $800/mo. Lower level is leased for $2100/mo as a health care office unit. It contains multiple offices & storage, 2 half baths & 2 kitchenettes. This investment will begin as a profit & pay for itself from the start. 48 hour appt to show. Prospects must be preapproved before viewing.

Location

State VA

County Smyth

Area Marion

Zoning R3

Interior

Heating Heat Pump, Central

Cooling Central Air, Heat Pump

Flooring Tile, Vinyl

Equipment Equipment Leased(None)

Exterior

Parking Features Parking 25+ Spaces

Garage Spaces 25.0

Utilities Available Cable Available, Electricity Connected, Phone Available

View Y/N No

Water Access Desc Public

Roof Type Other

Total Parking Spaces 25

Garage No

Building

Lot Description City Lot, Plat Recorded

Sewer Public Sewer

Water Public

Others

Acceptable Financing 3a8babf671fc05652e234f4d7c18ec1f

Listing Terms 3a8babf671fc05652e234f4d7c18ec1f

Virtual Tour https://tour.usamls.net/1046-Terrace-Drive-Marion-VA-243554/unbranded

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