1046 Terrace Dr - Flex FOR SALE


Marion, VA 24354
$950,000 USD
276-780-3172
1046 Terrace Dr, Marion, VA for Sale
$950,000 USD
Flex - FOR SALE
1/60
null | Request Cap Rate

1046 Terrace Dr
Marion, VA 24354


HIGHLIGHTS

  • Location

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1046 Terrace Drive

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.69

LAND SF

30,056

ZONING

R3

APN/PARCEL ID

152-34-9

ASK ABOUT THIS PROPERTY

Vickie StamperAppalachian Realty Co, Inc.More Info
276-780-3172

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Vickie StamperAppalachian Realty Co, Inc.More Info
276-780-3172

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.