Investment opportunity! Four remodeled apartments, three bedroom home and former shop with good income and potential for additional rentals. Four apartments total 2660 sq. ft. ; house 1423 sq. ft.; shop 785 sq. ft. This property has the potential of over $4,000/month income. There is a current lease between the owner and a health care provider which insures there is housing available for their employees. This lease can be modified by the new buyer and they can choose to continue working with the health care provider at a higher monthly rental or procure tenants of their own at a higher monthly rental. The lease with the health care provider will expire upon settlement with a new owner and the lease monies can be increased by the new owner.
Contingent
$349,000
401 Lincoln Ave, Elkins, WV 26241
11beds
4,868sqft
Est.:
2-4 Family
Built in 1940
-- sqft lot
$311,300 Zestimate®
$72/sqft
$-- HOA
What's special
Remodeled apartments
- 60 days
- on Zillow |
- 34 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 24, 2025 at 11:47am
Listed by:
Letitia Johnson 304-940-9689,
PROPST REALTY,
Lanny A Propst,
PROPST REALTY
Source: NCWV REIN,MLS#: 10155672

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Basement
- Level: Basement
Heating
- Central, Forced Air, Baseboard, Electric, Natural Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Range, Refrigerator, Gas Stove Connection
- Laundry: Gas Dryer Hookup, Washer Hookup, Washer/Dryer Some
Features
- Other
- Flooring: Laminate, Vinyl, Carpet
- Basement: Partial,Unfinished
- Attic: Interior Access Only
Interior area
- Total structure area: 4,868
- Total interior livable area: 4,868 sqft
- Finished area below ground: 4
Property
Parking
- Total spaces: 3
- Parking features: 3+ Cars, Off Street, No Garage
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Fencing: None
- Has view: Yes
- View description: City Lights
- Waterfront features: None
Lot
- Size: 6,250.86 Square Feet
- Dimensions: 60 x 108 x 60 x 142
- Features: Corner Lot, Sloped
Details
- Parcel number: 05501100000000
- Zoning description: Apartment Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: 2-4 Family
Materials
- Block, Frame, Aluminum Siding, Asbestos
- Foundation: Block
- Roof: Flat,Shingle
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: 100 Amp Service, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Medical Facility, Park, Tennis Court(s)
Location
- Region: Elkins
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $84,500
- Annual tax amount: $837
- Date on market: 2/24/2025
- Total actual rent: 1400
- Electric utility on property: Yes
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