Skip main navigation
Sold for $400,000 on 07/30/22
  • $400,000

    61 Chance Ln, Kearneysville, WV 25430

    4beds
    4baths
    2,310sqft
    Quadruplex
    Built in 1979
    -- sqft lot
    $478,300 Zestimate®
    $173/sqft
    $1,480 Estimated rent

    What's special

    Minimum 48 Hour Notice required to show this property. 11-15-19-61 Chance Lane. 4, 1 bedroom units. Taxes indicate it as 61 Chance Lane. 4 Unit Multi-Family Property on 2.89 acres close to major commuting corridors. One 3 Unit townhouse building (11-15-19) and One Cape Cod style 1 bedroom cottage (61 Chance Lane). Rear and side yard for expansion potential. Both buildings have separate septic systems yet share the same well water source. Water has a new softener and UV light system and newer hot water heaters. The townhouse building has 3 units, all identical in floor plan/conveniences. All townhouse units have new wall mounted AC/Heater units, 2/3 have new appliances, all units are all electric with tenant paying all utilities. All 3 townhouse units share a basement laundry area. The townhouse units have common area storage and laundry in the basement. One car wide garage door allows ownership additional easy access private/secure storage. The Cottage rental has hardwood floors, non-functional fireplace for insurance purposes, and has its owner washer/dryer. This property has an extensive long term rental history with its tenants....one currently remaining on their 10th year. All lease rates would be considered very low to today's standards. The owner has renewed all leases through June 30, 2023 allowing new ownership to give ample notice to current tenants of potential future rent increases. Gross monthly rents for 2022-2023 beginning Aug 1, 2022 will be 3,150/Mo totaling $37,800 for one year. Potential expansion on undeveloped land, potential to separate into two parcels, potential additional income boarding horses, potential storage rental income in basement, potential providing revenue generating/coin operated laundry/amenities in basement.....so much potential.

    Zillow last checked: 7 hours ago

    Listing updated: August 02, 2022 at 04:54am

    Listed by:

    Brad Lewis 304-283-5192,

    Greentree Associates of Shepherdstown, Inc.

    Bought with:

    Cathy Janes

    Touchstone Realty, LLC

    Source: Bright MLS,MLS#: WVJF2004532MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Wall Unit, Baseboard, Electric
    Cooling
    • Wall Unit(s), Electric
    Appliances
    • Included: Oven/Range - Electric, Range Hood, Refrigerator, Electric Water Heater
    Features
    • Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Country, Kitchen - Table Space
    • Flooring: Carpet, Wood, Vinyl
    • Basement: Exterior Entry,Concrete,Unfinished,Workshop
    • Has fireplace: No
    Interior area
    • Total structure area: 2,310
    • Total interior livable area: 2,310 sqft

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Other
    Features
    • Exterior features: Storage, Sidewalks
    • Pool features: None
    • Has view: Yes
    • View description: Street, Trees/Woods, Pasture
    • Frontage type: Road Frontage
    Lot
    • Size: 2.89 Acres
    • Features: Backs to Trees, SideYard(s), Sloped, Wooded
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 07 3001700150000
    • Zoning: 103
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Cape Cod,Colonial
    • Property subtype: Quadruplex
    Materials
    • Vinyl Siding
    • Foundation: Block, Crawl Space
    • Roof: Shingle
    Condition
    • Very Good
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: On Site Septic
    • Water: Filter, Conditioner, Well
    • Utilities for property: Electricity Available, Phone Available

    Community & neighborhood

    Location
    • Region: Kearneysville
    • Municipality: Middleway

    HOA & financial

    Other financial information
    • Total actual rent: 37800

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals
    • Ownership: Fee Simple
    Services availability
    Get pre-qualified for a loan
    At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.

    An equal housing lender. NMLS #10287.