Property summary
This exceptional mixed-use property at 318 Ferry Street, Unit 318 in Montgomery, WV, presents a lucrative investment opportunity. The building boasts a total of 3,480 square feet spread across three floors. The ground floor features a recently renovated restaurant, ready for immediate occupancy or lease to a new tenant. The upper two floors comprise two separate two-bedroom apartments, each currently generating $600 per month in rental income, providing a stable and consistent cash flow. These apartments are well-maintained and offer comfortable living spaces for tenants. An unfinished basement offers significant potential for expansion or additional storage, allowing for future development and increased value. The property sits on a 0-acre lot, providing convenient access and minimal land maintenance. The asking price of $100,000 represents a compelling entry point into the Montgomery commercial real estate market, offering a strong return on investment through a blend of commercial and residential income streams. This versatile property is ideal for an investor seeking a blend of immediate income and long-term growth potential. The existing restaurant and apartments provide a solid foundation, while the unfinished basement presents exciting possibilities for future development and customization. Don't miss this chance to acquire a well-positioned mixed-use property in a thriving community.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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