Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 0-bedroom, 0-bathroom single family at 1046 Terrace Drive in Marion, VA is listed for $899,999 ($109 per sqft). Built in 1985, the home offers 8,250 sqft of living space on a 0.69 acres lot.
Great 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.
Key Features
- Built in 1985
- 0.69 acre lot
- 25 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1046 Terrace Drive
Marion, VA 243554
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1046 Terrace Drive is listed at $899,999 ($109/sqft). The estimated monthly payment is $3,900 based on 20% down at 6.5% interest.
Key features include: Built in 1985, 0.69 acre lot, 25 parking spaces.
This property is listed by Vickie Stamper and can be reached at 2767803172 or vickie.stamper@appalachianrealtors.com.