Martinsburg, WV 25404 48/60 Janice Street # 8

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Presented By: Samson Properties
  • MLS# WVBE2040282
  • 05/14/2025
  • Request Tour
  • Request Info
  • SQFT • 13,499

Home Details

Investment Opportunity 8-Unit Apartment Complex Just Outside City Limits This well-maintained 8-unit apartment building offers immediate income and long-term upside. With 6 one-bedroom units and 2 two-bedroom units, the property features a solid tenant base, low maintenance brick exterior, off-street parking, and tenant-paid electric. Recent updates include new roof and gutters on Building 2 (July 2024), newer windows throughout, and updated wall-mounted HVAC units. An on-site coin-operated laundry helps offset shared costs. Currently generating $72,600 in annual income, the property has market rent potential of $88,800 with low annual operating expenses of just $8,600. Two units are being held vacant for easy showings and are expected to lease quickly in this high-demand rental market. Whether youre a seasoned investor or just expanding your portfolio, this is a turnkey property with upside potential in a quickly growing area. Investor/Broker Open House Thursday 5/15 11a-2p and Saturday 5/17 12p-3p
Presented By: Samson Properties

Interior Features for 48/60 Janice Street # 8

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 48/60 Janice Street # 8

AccessibilityNone
Business TypeApartment Building
CityMARTINSBURG
Construction MaterialsBrick
Cool FuelElectric
CoolingWall Unit
CountyBERKELEY
DirectionsFrom I81 Take Exit 16E - Follow to Left onto Eagle School Road - Right onto Janice - Building is on Right - Property is the 2 buildings on Left as you drive down the driveway
HeatingBaseboard - Electric, Wall Unit
Insurance Expense2400.00
Lot Size Square Feet13499.00
Lot Size UnitsSquare Feet
MaintenanceExpense1200.00
ModificationTimestamp2025-05-17T13:55:57
MunicipalityOpequon District
Net Operating Income47482.00
New ConstructionNo
Number Of Units Total8
Operating Expense8618.00
OwnerPaysCommon Area Maintenance, Water, Trash Collection
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG70.67
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount3904.0
Tax Assessed Value279500.0
Tax Lot90
Tax Year2022
Total Actual Rent56100.00
Trash Expense960.00
Unit Number8
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1983
Year Built SourceAssessor
Zoning211

Exterior for 48/60 Janice Street # 8

Building Area Total13499.00
Car Parking Spaces16
Land Assessed Value33100.00
Lot Size Acres0.31
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces16
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $954,000
MLS#WVBE2040282
List Date 05/14/2025
Property Type Commercial
Phone 703.929.4729
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