13,499 SqFt
13,499 SqFt
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
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
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States