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Contingent
  • $349,000

    401 Lincoln Ave, Elkins, WV 26241

    11beds
    4,868sqft
    : 
    2-4 Family
    Built in 1940
    -- sqft lot
    $311,300 Zestimate®
    $72/sqft
    $-- HOA

    What's special

    Remodeled apartments
    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.
    60 days
    on Zillow
    |
    34
    |
    0
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    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#: 10155672MLS Logo
    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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