501 W KING STREET Active Save Request In-Person Tour Request Virtual Tour
Martinsburg,WV 25401
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,093 sqft
Price per Sqft $74
MLS Listing ID WVBE2034972
Year Built 1930
Available Date 2024-11-29
Annual Tax Amount $6,406
Tax Year 2023
Lot Size 5,720 Sqft
Property Sub-Type Five Or More Units
Property Description
**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**: $6,950 in gross rents + $100 from laundry.
**Updates & Value Add:**
- Three apartments have already been turned over with market rate increases.
**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**!
Location
State WV
County Berkeley
Zoning URBAN MULTI FAMILY
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Ceramic Tile,Hardwood,Solid Hardwood,Wood
Exterior
Water Access N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Martinsburg
School District Berkeley County Schools
Others
Acceptable Financing Cash,Contract,Conventional
Listing Terms Cash,Contract,Conventional
Special Listing Condition Standard