Ad #7043947
MLS #94332
Immediate return of investment....1046 Terrace Drive Student
1046 Terrace Dr, Marion, Virginia, 24355
$850,000
--Beds
--Baths
8,250Sqft
0.690Acres
About this property
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 Features
0 Beds
0 Baths
8,250 Sqft
Built in 1985
0.690 Acres
Siding: Brick, Masonry
Heat Pump (Heating), Central
$3,745 / yr property tax
Smyth County
Additional Photos
Contact Information
Vickie Stamper
Appalachian Realty Co. Inc.
276-780-3172
Location
Listing Agent: Vickie Stamper 276-780-3172
Broker: Appalachian Realty Co. Inc. 276-783-5173 Listing Site
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.
Broker: Appalachian Realty Co. Inc. 276-783-5173 Listing Site
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.
BarrierFreeHome.com
Printed Jul 24, 2026
Photo Gallery
$850,000
--
Beds
--
Baths
8,250
Sqft
1046 Terrace Dr, Marion, Virginia, 24355
By contacting this agent you agree to these Terms and Conditions.
MLS# 94332
Immediate return of investment....1046 Terrace Drive Student
$850,000
1046 Terrace Dr, Marion, Virginia, 24355
--
Beds
--
Baths
8,250
Sqft
0.690
Acres
$850,000
1046 Terrace Dr, Marion, Virginia, 24355
-- Beds
-- Baths
8,250 Sqft
0.690 Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
8,250 Sqft
Built in 1985
0.690 Acres
EXTERIOR
Siding: Brick, Masonry
INTERIOR
Heat Pump (Heating), Central
FINANCIAL & COMMUNITY
$3,745 / yr property tax
Smyth County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7043947
Viewed
136 times
Listing Status
Active
Added
Dec 02, 2025
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
Southwest Virginia Association of Realtors
Source Property ID
94332
Listing Agent: Vickie Stamper 276-780-3172
Broker: Appalachian Realty Co. Inc. 276-783-5173 Listing Site
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.
Broker: Appalachian Realty Co. Inc. 276-783-5173 Listing Site
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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