About 171 Market St
Investment property opportunity in the town of Marion. Located directly off exit 45 from 81, including public utilities, separate water and electric meters for each unit, and a low maintenance outdoor area. 4, 2 bed 1 bath apartment units on the top floor with new decking and concrete sidewalks. 9, indoor, conditioned self-storage units on the main floor, protected with door code and camera system. Apartments rent for $850/month and are all occupied. Storage units range from 80-100 a month and run about 70% occupied. NOI includes a 10% management fee, $60-80 in electric for the storage units/hall light for apartments, pest control, and minimal ground maintenance. Great opportunity for a turn key investment property that is already managed. Call today for more info.
Features of 171 Market St
| MLS® # | 96082 |
|---|---|
| Price | $395,000 |
| Bedrooms | 8 |
| Bathrooms | 1.00 |
| Square Footage | 4,800 |
| Acres | 0.31 |
| Year Built | 1961 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 171 Market St |
|---|---|
| Area | Smyth County |
| City | Marion |
| County | Smyth |
| State | VA |
| Zip Code | 24354 |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Parking | Gravel |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | Newer Paint |
|---|---|
| Appliances | Range/Oven, Refrigerator, Electric Water Heater, 2 Bdrm-Stove, 2 Bdrm-Refrigerator |
| Heating | Baseboard, Heat Pump |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| Fireplaces | None |
| Has Basement | No |
Exterior
| Lot Description | No Landscaping |
|---|---|
| Windows | Insulated Windows |
| Roof | Rolled/Hot Mop |
| Construction | Block, Vinyl Siding, Dry Wall |
| Foundation | Slab |
School Information
| Elementary | Marion Elementary |
|---|---|
| Middle | Marion |
| High | Marion Senior |
Additional Information
| Zoning | Commercial |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |