1046 Terrace Drive, Marion, VA 243554
Other
NZD $1,536,657
USD $850,000
Published on: 02 Jul 2024
Last updated on: 27 Oct 2026
Property ID: 110092928631
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Commercial Sale, Marion, VA
1046 Terrace Drive, Marion, VA 243554
Immediate return of investment....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.
Property Details
Basic Info
Outdoor Feature
Basic Info
Property Type
Other
Listing Status
Active
Land Size
2,792.33 m2
Building Size
766.45 m2
Year Built
1985
County
Smyth
Provider
Southwest Virginia Association of Realtors
Brokerage Office Name
Appalachian Realty Co. Inc.
Brokerage Office Phone
(276) 783-5173
Neighbourhoods
Marion
Address
1046 Terrace Drive, Marion, VA 243554
Tax History
| Year | Tax amount | |
|---|---|---|
| 2024 | USD $3745 | NZD $6,770* |
*Converted price in your currency provided by Open Exchange Rates. Exchange rates are subject to continuous change. Neither realestate.co.nz nor its affiliates guarantee that the conversion reflects current conversion rates and are not responsible for any inaccuracies. realestate.co.nz recommends that you independently verify any information before relying on it.
Contact Agent
Vickie Stamper
Appalachian Realty Co.
123 W Main St. , Marion, VA 24354
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Contact Agent
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Vickie Stamper
123 W Main St. , Marion, VA 24354
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Property ID: 110092928631
Original Property ID: 3yd-SWVARVA-94332Data provided by Southwest Virginia Association of Realtors, MLS #: 94332
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Copyright © 2026 Southwest Virginia Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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