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**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 **3 one-bedroom** and **3 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**!
| DAYS ON MARKET | 1 | LAST UPDATED | 11/22/2024 |
|---|---|---|---|
| YEAR BUILT | 1930 | COUNTY | BERKELEY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Central, Electric, Forced Air |
| LOT | 5663 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 55.5x104 |
| SEWER | Public Sewer |
| STORIES | 4 |
| TAXES | 6406 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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