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53 Evergreen Drive

MARTINSBURG, WV 25405
  • $799,000
  • STATUS: Active Under Contract
  • ON SITE: 61 Days
  • ID#: WVBE2007860
Under Contract
UPDATED: 49 min ago
$799,000
  • 0
    BEDS
  • 1.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

School District:

Description

INVESTORS! This 10 unit apartment complex is comprised of 8- 2 BR, 1 BA and 2 - 1BR, 1BA units at 100% occupancy. In the heart of a growing area, this income-producing opportunity also has an additional block building which could be converted to two additional units or demolished to create space for up to 10 additional units. Situated on 1.38 acres, there is plenty of room to create additional income. The units are within the Pikeview Acres Subdivision which has a road maintenance agreement to keep roads clear for tenants. A minimal HOA fee of $75/ year buys you this service. Each unit is equipped with appliances including refrigerator, washer/ dryer and stove. A privacy fence surrounds the complex and each unit has its own parking. Current rents collected at $7000/ month. Rates from $600-$850/ month. Most leases are in month to month status. Some basic upgrades and improvements could support increased rental rates in this area. Currently being sold AS-IS, WHERE-IS, come see what possibilities you might accomplish to generate more revenue from this private complex.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-23T10:53:05.733.
www.thedaileygroup.com/homes/126941288
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53 Evergreen Drive MARTINSBURG, WV 25405

  • Price: $799,000
  • Status: Active Under Contract
  • On Site: 61 Days
  • Updated: 49 min ago
  • ID#: WVBE2007860
0
Beds
0
Baths
0
½ Baths
1.38
Acres
1954
Built
Neighborhood:
Pikeview Acres
County:
Berkeley
School District:
Berkeley County Schools
Property Description
INVESTORS! This 10 unit apartment complex is comprised of 8- 2 BR, 1 BA and 2 - 1BR, 1BA units at 100% occupancy. In the heart of a growing area, this income-producing opportunity also has an additional block building which could be converted to two additional units or demolished to create space for up to 10 additional units. Situated on 1.38 acres, there is plenty of room to create additional income. The units are within the Pikeview Acres Subdivision which has a road maintenance agreement to keep roads clear for tenants. A minimal HOA fee of $75/ year buys you this service. Each unit is equipped with appliances including refrigerator, washer/ dryer and stove. A privacy fence surrounds the complex and each unit has its own parking. Current rents collected at $7000/ month. Rates from $600-$850/ month. Most leases are in month to month status. Some basic upgrades and improvements could support increased rental rates in this area. Currently being sold AS-IS, WHERE-IS, come see what possibilities you might accomplish to generate more revenue from this private complex.
Exterior Features

Architectural Style Other Assigned Parking Spaces 2 Construction Materials Vinyl SidingMixedConcrete Garage YN No Location Type Rural Lot Features Backs To TreesRuralOther Other Structures Above GradeBelow Grade Parking Features AssignedGravel DrivewayLighted ParkingPrivateShared Driveway Parking Types DrivewayOff Street Pool No Pool Property Condition Average Riparian Rights YN No Road Responsibility Road Maintenance Agreement Road Surface Type Paved Roof ShingleMetal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Appliances DryerRefrigeratorStoveWasherWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Fireplaces Total 0 Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 8

Property Features

Acceptable Financing CashConventionalBank Portfolio Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel None Elevators 0 Existing Lease Type Month To MonthYearly Foundation Details Block Gross Income 84000.00 Heating Fuel None Historic YN No Hot Water Electric Municipality Arden District Navigable Water YN N Net Operating Income 20000.00 New Construction YN No Number Of Units Leased 10 Number Of Units Total 2 Number Of Units Vacant 0 Original MLSNumber 801416727144 Owner Pays WaterTaxes - Real EstateOther Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Septic Structure Design Type Other Tax Annual Amount 3435.00 Tax Assessment Amount 244100.00 Total Actual Rent 84000.00 Utilities Electric AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning 211

Listing courtesy of Path Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-23T10:53:05.733.
 
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