About 1046 Terrace Drive
Don't overlook this 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.
Features of 1046 Terrace Drive
| MLS® # | 94332 |
|---|---|
| Price | $950,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,250 |
| Acres | 0.69 |
| Year Built | 1984 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1046 Terrace Drive |
|---|---|
| Area | Marion |
| City | Marion |
| County | Smyth |
| State | VA |
| Zip Code | 243554 |
Amenities
| Utilities | Cable Available, Electricity Connected, Phone Available |
|---|---|
| Parking Spaces | 25 |
| Parking | Parking 25+ Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Heat Pump |
| Cooling | Central Air, Heat Pump |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | City Lot, Plat Recorded |
|---|---|
| Roof | Other |
| Construction | Brick, Masonry |
Additional Information
| Zoning | R3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |