48/60 JANICE ST #8 new to site Save Request In-Person Tour Request Virtual Tour
Martinsburg,WV 25404
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 13,499 sqft
Price per Sqft $70
MLS Listing ID WVBE2040282
Year Built 1983
Annual Tax Amount $3,904
Tax Year 2022
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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 you're 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
Location
State WV
County Berkeley
Zoning 211
Interior
Hot Water Electric
Heating Baseboard - Electric,Wall Unit
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 16.0
Water Access N
Roof Type Shingle
Accessibility None
Total Parking Spaces 16
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Berkeley County Schools
Others
Tax ID 08 10L001700000000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard