501 WEST KING STREET, MARTINSBURG, WV 25401

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THB ฿20,692,947
USD $599,900
Published on: 29 Nov 2024
Last updated on: 29 Nov 2024
501 WEST KING STREET, MARTINSBURG, WV 25401
501 WEST KING STREET, MARTINSBURG, WV 25401
501 WEST KING STREET, MARTINSBURG, WV 25401
+48
501 WEST KING STREET, MARTINSBURG, WV 25401
  • 48
Property ID: 110096005172
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Commercial - MARTINSBURG, WV

501 WEST KING STREET, MARTINSBURG, WV 25401
**Welcome to 501 West King Street – Your Opportunity Awaits!**  Discover the charm of this **French Provincial-style apartment building**, perfectly situated on a corner lot in the heart of downtown Martinsburg. This property is not just a place to live; it’s a lifestyle! Located just steps away from **The Garage on King**, the area’s newest and trendiest food hall, this building offers tenants an unbeatable blend of convenience and modern living.  **Property Highlights:**  - **Six Units**: Includes **4 one-bedroom** and **2 two-bedroom** apartments.  _**Over 8000 sq ft - **Efficient Systems**: Each unit is equipped with its own electric HVAC system, and water is metered separately in the basement for easy pass-through to tenants.  - **Prime Location**: Walkable to dining, entertainment, and downtown amenities.  -**Central Vacuum**Income Potential:**  - **Current Income**: $5,250 in gross rents + $100 from laundry.  - **Future Potential**: With renovations and market adjustments on the remaining units, **gross income could reach $7,050** (including laundry).  **Updates & Value Add:**  - Three apartments have already been turned over with market rate increases.  - One vacant unit is ready for renovation, offering even more potential for increased income.  **Low Expenses, High Potential!**  This is an incredible opportunity to own a **low-maintenance, high-return investment property** in a thriving location.  Ready to invest in your future? Don’t miss out on this gem at **501 West King Street**!

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
526.09 m2
Year Built
1930
Architecture Style
Other
County
BERKELEY
Provider
Bright MLS
Brokerage Office Name
ERA OakCrest Realty
Brokerage Office Phone
(540) 665-0360
Neighbourhoods
MARTINSBURG
Address
501 WEST KING STREET, MARTINSBURG, WV 25401
Contact Agent
Jamie Lopez
ERA Liberty Realty
1018 Jefferson AVENUE, Charles Town, WV 25414
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Jamie Lopez
1018 Jefferson AVENUE, Charles Town, WV 25414
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      Property ID: 110096005172

      Data provided by Bright MLS, MLS #: WVBE2034972
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