321 W RACE ST Active Save Request In-Person Tour Request Virtual Tour
Martinsburg,WV 25401
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,120 sqft
Price per Sqft $197
MLS Listing ID WVBE2038928
Style Colonial
Abv Grd Liv Area 2,120
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,448
Tax Year 2021
Lot Size 4,299 Sqft
Acres 0.1
Property Sub-Type Quadruplex
Property Description
This charming quadruplex in the heart of downtown Martinsburg offers an excellent investment opportunity! All four units are currently rented, generating a steady monthly income of $3,800. Each unit has been thoughtfully updated with new vinyl flooring, modernized kitchens, and bathrooms, making this property both low-maintenance and highly desirable for tenants. The owners have made several recent improvements, including replacing most of the windows, updating the electric, installing four new water heaters, and changing out the gutters in 2022. These updates ensure long-term durability and efficiency. Additionally, each of the four units is separately metered for utilities, offering tenants more control over their expenses while simplifying management for the owner. The property features a shared backyard, perfect for outdoor relaxation, and on-street parking adds convenience for residents. Investors should inquire with local lenders about the potential for qualifying for a DSCR loan to maximize their investment potential. Don't miss out on this great cash-flowing opportunity in a prime location! Schedule a showing today!
Location
State WV
County Berkeley
Zoning 102
Interior
Interior Features Bathroom - Stall Shower,Bathroom - Tub Shower,Breakfast Area,Family Room Off Kitchen,Wood Floors
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Luxury Vinyl Plank
Equipment Oven/Range - Electric,Refrigerator,Water Heater
Fireplace N
Appliance Oven/Range - Electric,Refrigerator,Water Heater
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Utilities Available Electric Available,Sewer Available,Water Available
Water Access N
View City,Street
Street Surface Paved
Accessibility None
Porch Porch(es)
Road Frontage City/County
Garage N
Building
Lot Description Cleared,Level,Not In Development,Rear Yard,Road Frontage
Foundation Permanent,Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Berkeley County Schools
Others
Tax ID 06 10024300000000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,FHA,VA,Exchange
Listing Terms Cash,Conventional,FHA,VA,Exchange
Financing Cash,Conventional,FHA,VA,Exchange
Special Listing Condition Standard