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Contact Information
Vickie Stamper
(C) (276) 780-3172 Ext:12
Appalachian Realty Co.
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Listing Details
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MLS Number:
94332
List Price:
$950,000
Property Type:
Multi Use Building
County:
Smyth
Address:
Terrace Drive
Area:
Marion
City:
Marion
State:
VA
Zip Code:
243554
Lot Dimensions:
.69
Property Status:
A
Public Remarks:
Welcome to 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.
Street #:
1046
Direction:
Road Frontage Feet:
200
Lot Number:
9 & 10
Section:
Deed Book/Instrument:
893
Deed Page:
688
Plat Book:
Plat Page:
Legal Description:
Tax Map #:
152-34-9
Parcel:
Zoning:
R3
County Taxes:
3045
Town Taxes:
700
Tax Year:
2024
Average Daily Traffic Count:
Apx SqFt:
8250
Building Age:
41
Warehouse SqFt:
Manufacturing SqFt:
Office SqFt:
Retail SqFt:
Ceiling Height:
Dock Doors:
Dock Doors Height:
Drive In Doors:
Drive In Door Height:
Bay Spacing:
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Lease Rate:
CAM Rate:
Interior Condition:
Good
Exterior Condition:
Good
Documents:
No
Gross Income:
8500
Net Income:
7279
Equipment/Trade Fixtures:
Additional Structures:
None
Equipment Leased:
None
Financing Terms:
Listing Conditions:
Not Applicable
VOW Comment:
No
VOW AVM:
No
Display Address:
Yes
Contract Date:
Directions:
Exit 47 of I-81, south on Lee Highway off interstate. Right onto Park Blvd, right onto Terrace Drive. Property on right.
Addendum:
Monthly Expenses: Internet - $271.90; Insurance - $242; Electric - $485.58; Water - $221.47
Building Exterior:
Brick
Property Description:
Located in City Limits, Plat Recorded
Style/Building:
Free Standing, Masonry
Current Use:
Professional/Office, Other
Roof:
Other
Water:
Public
Interior Features:
Other-See Remarks
Utilities:
Cable Available, Electricity Connected, Phone Available
Heating System:
Central Heat Pump
Air Conditioning:
Central Air, Heat Pump
Sprinkler System:
None
Floors:
Tile, Vinyl
Exterior Features:
Parking 25+ Spaces
Showing Instructions:
Appointment Only, Schedule Through Navica, Other-See Remarks
Closing/Possession:
Closing
Sale Contingent On:
Listing Office:
Appalachian Realty Co. (#:9)
Listing Agent:
Vickie Stamper (#:55)
Agent Name:
Vickie Stamper (#:55)
Days on Market:
107
Office Name:
Appalachian Realty Co. (#:9)
Selling Agent Name:
Selling Office Name:
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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 herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2016 Southwest Virginia Association of REALTORS. All rights reserved.
