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171 Market St

Marion, VA 24354
  • $395,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 96082
UPDATED: 65 min ago
$395,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,800
    SQFT
  • $82
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1961
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Investment property opportunity in the town of Marion. Located directly off exit 45 from 81, including public utilities, separate water and electric meters for each unit, and a low maintenance outdoor area. 4, 2 bed 1 bath apartment units on the top floor with new decking and concrete sidewalks. 9, indoor, conditioned self-storage units on the main floor, protected with door code and camera system. Apartments rent for $850/month and are all occupied. Storage units range from 80-100 a month and run about 70% occupied. NOI includes a 10% management fee, $60-80 in electric for the storage units/hall light for apartments, pest control, and minimal ground maintenance. Great opportunity for a turn key investment property that is already managed. Call today for more info.

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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: 2024-11-13T20:11:20.783.
www.christywood.com/homes/154406768
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171 Market St Marion, VA 24354

  • Price: $395,000
  • Status: Active
  • On Site: 74 Days
  • Updated: 65 min ago
  • MLS #: 96082
0
Beds
0
Baths
0
½ Baths
0.31
Acres
4,800
SQFT
$82
$/SQFT
1961
Built
Neighborhood:
N/A
County:
Smyth
Area:
Smyth County
Elementary School:
Marion Elementary
Middle School:
Marion
High School:
Marion Senior
Property Description
Investment property opportunity in the town of Marion. Located directly off exit 45 from 81, including public utilities, separate water and electric meters for each unit, and a low maintenance outdoor area. 4, 2 bed 1 bath apartment units on the top floor with new decking and concrete sidewalks. 9, indoor, conditioned self-storage units on the main floor, protected with door code and camera system. Apartments rent for $850/month and are all occupied. Storage units range from 80-100 a month and run about 70% occupied. NOI includes a 10% management fee, $60-80 in electric for the storage units/hall light for apartments, pest control, and minimal ground maintenance. Great opportunity for a turn key investment property that is already managed. Call today for more info.
Exterior Features

Car Storage Sq Ft 0 Exterior BlockVinyl Siding Exterior Amenities Gravel DrivewayPaved Street Landscaping None Roof Rolled/Hot Mop Water View None Waterfront None

Interior Features

Appliances Range/OvenRefrigerator Basement Foundation Slab Bsmt Finished Sq Ft 0 Bsmt Unfinished Sq Ft 0 Cooling Wall/Window Unit Fireplace Details None First Floor Sq Ft 2400 Heating BaseboardHeat Pump Interior Amenities Dry WallNewer PaintVinyl Floors Laundry Other-See Remarks Second Floor Sq Ft 2400 Third Floor Sq Ft 0 Total Unfinished Sq Ft 0 Two Bdrm Bathrooms 1 Water Heater Electric Windows Insulated

Property Features

County Taxes 560.18 Electricity Separate Meters Gross Income 49200.00 Layout One BuildingUp & Down Lot Number 74 Property Type Multi-Family Other Sewer Public Sewer Tax Map Number 57-a-74 Tax Year 2023 Town Taxes 128.69 Two Bdrm Numberof Units 4 Two Bdrm Rent Month 850 Water Supply Public Zoning Commercial

Listing information © 2024 Southwest Virginia Association of REALTORS®
Listing provided courtesy of Christopher Fox of BHHS- Mountain Sky Properties, Wytheville: 2762288882.


© 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: 2024-11-13T20:11:20.783.
 
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