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1046 Terrace Drive

Marion, VA
  • $1,100,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 94332
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,250
    SQFT
  • $133
    $/SQFT
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Welcome to 1046 Terrace Drive Student Suites and 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 ensuite 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 students. Mail boxes on site. 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. 48 hour appointment to show. Prospects must be preapproved before viewing.

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© 2024 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or The Christy Wood Team | Solutions Real Estate. Data last updated: 2024-07-25T00:10:58.963.
www.christywood.com/homes/152215037
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1046 Terrace Drive Marion, VA

  • Price: $1,100,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 94332
0
Beds
0
Baths
0
½ Baths
N/A
Acres
8,250
SQFT
$133
$/SQFT
Neighborhood:
Marion
County:
Smyth
Area:
Marion
Property Description
Welcome to 1046 Terrace Drive Student Suites and 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 ensuite 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 students. Mail boxes on site. 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. 48 hour appointment to show. Prospects must be preapproved before viewing.
Exterior Features

Building Exterior Brick Exterior Features Parking 25+ Spaces Lot Dimensions .69 Road Frontage Feet 200 Roof Other Style Building Free StandingMasonry

Interior Features

Air Conditioning Central AirHeat Pump Floors TileVinyl Heating System Central Heat Pump Interior Features Other-See Remarks

Property Features

Additional Structures None Building Age 41 County Taxes 3045.00 Current Use Professional/OfficeOther Equipment Leased None Gross Income 8500.00 Lot Number 9 & 10 Net Income 7279.00 Property Description Located in City LimitsPlat Recorded Property Type Multi Use Building Sewer Public Sewer Sprinkler System None Tax Map Number 152-34-9 Tax Year 2024 Town Taxes 700.00 Utilities Cable AvailableElectricity ConnectedPhone Available Water Sewer Public Zoning R3

Listing information © 2024 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Vickie Stamper of Appalachian Realty Co.: 2767835173.


© 2024 Southwest Virginia Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or The Christy Wood Team | Solutions Real Estate. Data last updated: 2024-07-25T00:10:58.963.
 
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