Martinsburg, WV 25401 501 W King Street

501 W King Street Martinsburg, WV - Image 1501 W King Street Martinsburg, WV - Image 2501 W King Street Martinsburg, WV - Image 3
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Presented By: ERA Liberty Realty
  • MLS# WVBE2034972
  • 11/22/2024
  • Request Tour
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  • SQFT • 8,093

Home Details

**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; its a lifestyle! Located just steps away from **The Garage on King**, the areas 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? Dont miss out on this gem at **501 West King Street**!
Presented By: ERA Liberty Realty

Interior Features for 501 W King Street

Bathrooms

Total Restrooms7

Other Interior Features

Clear Span Ceiling Height10' to 12', 8' to 10'
Central Air Y/NYes
FlooringCeramic Tile, Hardwood, Solid Hardwood, Wood
Heating FuelCentral, Electric
Heating Y/NYes
Hot WaterElectric
Number of Elevators
Total Stories4

General for 501 W King Street

Acceptable FinancingCash, Contract, Conventional
AccessibilityNone
Building NameNONE AVAILABLE
Business TypeApartment Building
CityMARTINSBURG
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyBERKELEY
Directionsfrom Intertstae 81 turn east off exit 13. See building on the right. sign on building
Electric100 Amp Service
Gross Income84600.00
HeatingForced Air
Location TypeUrban
Lot Size Square Feet5720.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-04-15T13:01:13
MunicipalityMARTINSBURG
New ConstructionNo
Number Of Units Total6
OwnerPaysCommon Area Maintenance, Insurance, Management, Pest Control, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG74.13
Property ConditionVery Good
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Tax Annual Amount6406.0
Tax Assessed Value350700.0
Tax Year2023
Total Actual Rent84600.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceEstimated
ZoningURBAN MULTI FAMILY

Exterior for 501 W King Street

Building Area Total8093.00
Door FeaturesDouble Entry
Fencing Y/NN
Lot Dimensions55.5x104
Lot FeaturesCorner
Lot Size Acres0.13
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $599,900
MLS#WVBE2034972
List Date 11/22/2024
Property Type Contingent
Phone 703.929.4729
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