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Sold for $220,000 on 09/29/23
  • $220,000

    316 W Martin St, Martinsburg, WV 25401

    9beds
    --baths
    3,190sqft
    Quadruplex
    Built in 1900
    -- sqft lot
    $321,100 Zestimate®
    $69/sqft
    $1,422 Estimated rent

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    What's special

    OFFER DEADLINE SET! There have been multiple offers received and a deadline to submit has been set for Friday, September 15th at 1pm. If you intend to submit an offer, please let me know as soon as possible. Thank you! 24 Hr. Notice required for tenants* Welcome to an incredible investment opportunity in the heart of the downtown district! This historic multi-unit property, boasting four tenant-occupied rental units, is a gem waiting to be restored to its complete former glory. The property offers four rental units. There are three 1-bedroom units, perfect for professionals or couples, and a more spacious 2-bedroom unit. Located in a vibrant community, this property offers both charm and potential for savvy investors. Situated just a few short blocks from the bustling main street, this property enjoys easy access to the downtown scene. Within walking distance, you'll find an array of dining options as well as the local theater. Not only is this area completely walkable, but commuters will appreciate the convenience of being within close proximity to the train station, making travel to nearby cities and beyond a breeze. The local University is just a 15-minute drive. The property retains its original charm, with hardwood floors and large front porch. The backyard area with ample shade cover can offer a tranquil escape for tenants to relax and unwind. This space could be transformed into a lush garden or an inviting communal area for all residents to enjoy. Since all four units are currently tenant-occupied, it can help ensure a steady rental income from day one. This makes it an excellent opportunity for investors looking for immediate returns. Whether you're looking to expand your real estate portfolio or start your investment journey, this property is a promising choice. Don't miss out on the chance to own a piece of this thriving downtown community and unlock the full potential of this charming multi-unit property. Embrace the opportunity to restore its former glory and capitalize on the exciting growth of the area. Contact me today to schedule a viewing and explore this remarkable investment prospect. Property being sold as-is.

    Zillow last checked: 7 hours ago

    Listing updated: September 29, 2023 at 06:25am

    Listed by:

    Claire West 240-707-9908,

    RE/MAX Roots

    Bought with:

    Claire West

    RE/MAX Roots

    Source: Bright MLS,MLS#: WVBE2022414MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 3,190
    • Total interior livable area: 3,190 sqft

    Property

    Parking
    • Parking features: Off Street
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 4,400 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 06 10023500000000
    • Zoning: 104
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Quadruplex
    Materials
    • Vinyl Siding
    • Foundation: Other
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Martinsburg
    • Municipality: City Of Martinsburg

    HOA & financial

    Other financial information
    • Total actual rent: 29520

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $321,100
    2% more+$6,422
    With Zillow Showcase(estimated)$327,522