318 Ferry St, Montgomery, WV 25136
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.