Bought with Garland Del Grimes • Samson Properties
$599,900
$599,900
For more information regarding the value of a property, please contact us for a free consultation.
5,720 Sqft Lot
SOLD DATE : 05/23/2025
Key Details
Sold Price $599,900
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WVBE2034972
Sold Date 05/23/25
Year Built 1930
Available Date 2024-11-29
Annual Tax Amount $6,406
Tax Year 2023
Lot Size 5,720 Sqft
Acres 0.13
Lot Dimensions 55.5x104
Property Sub-Type Five Or More Units
Source BRIGHT
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
Heat Source Central, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Martinsburg
School District Berkeley County Schools
Others
Tax ID 0000506000
Ownership Fee Simple
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
REALTOR®