1046 Terrace Drive | 1046 Terrace Dr
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1046 Terrace Drive 1046 Terrace Dr
8,250 SF 100% Leased Flex Building Marion, VA 24354 $1,346,596 CAD ($163 CAD/SF)
Investment Highlights
- Location
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,346,596 CAD | Rentable Building Area | 8,250 SF |
| Price Per SF | $163 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1983 |
| Property Type | Parking Ratio | 3.03/1,000 SF | |
| Lot Size | 0.69 AC |
| Price | $1,346,596 CAD |
| Price Per SF | $163 CAD |
| Sale Type | Investment |
| Property Type | |
| Lot Size | 0.69 AC |
| Rentable Building Area | 8,250 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 3.03/1,000 SF |
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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PROPERTY TAXES
| Parcel Number | 152-34-9 | Total Assessment | $777,777 CAD (2024) |
| Land Assessment | $107,978 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $669,799 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
152-34-9
Land Assessment
$107,978 CAD (2024)
Improvements Assessment
$669,799 CAD (2024)
Total Assessment
$777,777 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
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Presented by
Appalachian Realty Co, Inc.
1046 Terrace Drive | 1046 Terrace Dr
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