Investors, renovators, and first-time homebuyers looking for an affordable property with potential should take a closer look at 625 Stoney Battery Rd, Marion, VA 24354. Listed at just $70,000, this single-family home offers an excellent opportunity to create value through renovation while enjoying the peaceful surroundings of Southwest Virginia.
Property Overview
Situated on a generous 8,712-square-foot lot, this charming home was originally built in 1936 and features approximately 1,382 square feet of living space. The property includes 4 bedrooms and 1 bathroom, providing ample room for a growing family, rental tenants, or a future resale project.
Key Features
- Price: $70,000
- Bedrooms: 4
- Bathrooms: 1
- Living Area: 1,382 sq. ft.
- Lot Size: 8,712 sq. ft.
- Property Type: Single-Family Residence
- Year Built: 1936
- Estimated Monthly Payment: $446
- Price per Square Foot: $51
Renovation Potential
The seller describes the property as a home that is ready for renovations, making it an attractive option for investors seeking a fix-and-flip project or buyers interested in customizing a home to their preferences.
To help offset improvement costs, the owner is offering a $5,000 credit toward new flooring, providing immediate value for prospective purchasers. The home is being sold “as-is, where-is,” and the seller will not make repairs, making it important for buyers to conduct their own inspections and evaluations.
Excellent Investment Opportunity
One of the standout aspects of this listing is that it is reportedly priced below the local tax-assessed value, creating potential upside for savvy investors. Whether you’re looking to:
- Build a long-term rental portfolio,
- Renovate and resell,
- Create an affordable primary residence, or
- Purchase a vacation property near Virginia’s outdoor attractions,
this property offers multiple possibilities.
Peaceful Southwest Virginia Location
Located along a quiet country road, the home provides a peaceful rural setting while still maintaining convenient access to the town of Marion. Residents can enjoy nearby outdoor recreation opportunities, including numerous state parks, national forests, hiking trails, fishing spots, and scenic mountain views that make Southwest Virginia a desirable destination for nature enthusiasts.
Additional Property Notes
Prospective buyers should be aware of several items disclosed by the seller:
- Refrigerator is currently in working condition.
- Condition of the washer is unknown.
- Heating system status is unknown.
- Hot water heater condition is unknown.
- Roof age is unknown.
- Last septic system clean-out date is unknown.
- Internet service provider information is unavailable.
- Seller has never occupied the property as a personal residence.
These factors should be considered during the due diligence process.
Final Thoughts
Affordable homes with renovation potential are becoming increasingly difficult to find, especially in scenic areas like Southwest Virginia. At just $70,000, 625 Stoney Battery Rd presents a unique opportunity for investors, DIY renovators, and budget-conscious homebuyers seeking a property with room for improvement and long-term value potential.
With four bedrooms, a sizeable lot, a $5,000 flooring credit, and a convenient location near Marion’s amenities and outdoor attractions, this property could be the ideal project for the right buyer.
For additional information or to schedule a viewing, interested parties should contact the listing agent directly.
