Property profile

318 Ferry St Montgomery, WV 25136

OFF-MARKET
Mixed-use properties
3,480 SF
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Property summary

AI-generated overview

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

Verified
Property type Mixed-use properties
Total area 3,480 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

318 Ferry St Montgomery, WV 25136
Montgomery metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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