501 King Street West
Martinsburg, WV 25401
MLS #BE10170179

  • 6units
Est. P&I payment: $1336.76/mo
Description for 501 King Street West, Martinsburg, WV 25401
All 6 units have their own HVAC. Updated windows, updated fire doors, new roof, hard wired smoke detectors, fire extinguishers, coin operated laundry, long term tenants, low taxes, cheap insurance, and more. Yep, it needs a little lipstick but easy to rent units and good history. On site parking. Owner finance with 50k down and 4.75% fixed 30yr note $1564.94 payment. Bring offers!
MLS #BE10170179
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My Notes for MLS #BE10170179

General Features

  • Property Type: Multi-Family
  • Type: Multi-Family
  • Year Built: 1933
  • Total Units: 6
  • Unit List: One Bedroom,​Two Bedroom
  • One Bedroom Units: 4
  • Two Bedroom Units: 2

Exterior Features

  • Exterior: Brick
  • Exterior Features: Balcony,​Flood Lights,​Sidewalks
  • Stories: 4
  • Handicap: None
  • Lot Dimensions: 85
  • Lot Dim Depth: 104
  • Parking: Assigned,​Free,​Private 1-10 Spaces,​Faces Rear,​Gravel Driveway,​Unpaved
  • Assigned Parking Spaces: 6
  • Water Front: N

Interior Features

  • Basement: Y
  • Basement Entrance: Areawy/Cel Exit,​Cellar Entrance,​Outside Entrance,​Rear Entrance
  • Basement Type: Cellar,​Full,​Outside Entrance,​Rear Entrance,​Unfinished
  • Walls Ceilings: Plaster Walls
  • Windows Doors: Insulated Window(s),​Low-E Windows

Utilities Features

  • Appliances: Dryer,​Washer,​Exhaust Fan,​Oven / Range - Electric,​Range Hood,​Refrigerator
  • Cooling Fuel: Electric
  • Cooling: Central Air Conditioning
  • Heating Fuel: Electric
  • Heating: Heat Pump(s)
  • Hot Water: Electric
  • Metering: Electricity is sep
  • Sewer Septic: Public Sewer
  • Water: Public

Financial Features

  • Total Taxes: 4,237.61
  • Total Taxes Payment Freq: Annually
  • City Town Tax: 972.56
  • City Town Tax Payment Freq: Annually
  • County Tax: 3,265.06
  • County Tax Payment Freq: Annually
  • Tax Year: 2017
  • Improvement Assessment Amount: 114,120
  • Improvement Assmnt. Payment Freq: Annually
  • Land Assessment Amount: 22,860
  • Land Assessment Payment Freq: Annually
  • Total Assessment: 136,980
  • Total Assessment Payment Freq: Annually
  • Assessment Year: 2017
  • Gross Income: 40,800
  • Expenses: 41,800
  • Monthly Gross Rent: 3,400
  • Vacancy Factor: 20
  • Additional Income Sources: Laundry
  • Owner Pays: Accounting/Legal,​Property Insurance,​Repairs and Maintenance,​Taxes-Real Estate,​Utilities
  • One Bedroom Avg Rent: 612.5
  • Two Bedroom Avg Rent: 725

Community Features

  • City: 10000020251
  • County: Berkeley
  • Subdivision: NONE
  • HOA: N
  • Vacation Home: N
  • Transportation: Airport - 2-5 Miles,​Public Bus Service

School Features

  • High School: MARTINSBURG

Misc Features

  • Auction: N
  • Foreclosure: N
  • Potential Short Sale: No
  • Tenancy: Month-to-Month Lease(s)
  • New Construction: N
  • Zoning Code: 105


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The listing information for 501 King Street West, Martinsburg, WV 25401 was graciously provided by our friends at the listing brokerage, ERA Liberty Realty

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P&I Payment $1336.76
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Last Updated 03/21/2018 at 6:20am
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