1046 Terrace Drive Active Save Request In-Person Tour Request Virtual Tour
Marion,VA 243554
$ 950000
- Bed
- Bath
8250 SqFt
Key Details
Property Type Commercial
Sub Type Multi Use Building
Listing Status Active
Purchase Type For Rent
Square Footage 8,250 sqft
MLS Listing ID 94332
Tax Year 2024
Lot Dimensions .69
Property Description
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.
Location
State VA
County Marion
Area Smyth
Zoning R3
Direction Exit 47 of I-81, south on Lee Highway off interstate. Right onto Park Blvd, right onto Terrace Drive. Property on right.
Interior
Interior Features Other-See Remarks
Heating Central Heat Pump
Cooling Central Air,Heat Pump
Flooring Tile,Vinyl
Heat Source Central Heat Pump
Exterior
Exterior Feature Brick
Garage Other
Utilities Available Cable Available,Electricity Connected,Phone Available
Amenities Available Professional/Office,Other
Roof Type Other
Road Frontage 200
Building
Building Description Brick, Brick
Faces Exit 47 of I-81, south on Lee Highway off interstate. Right onto Park Blvd, right onto Terrace Drive. Property on right.
Sewer Public Sewer
Water Public
Structure Type Brick