$399,000

321 W RACE STREET, Martinsburg, WV 25401

  • 2,120 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon4,356sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $188/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

PRICE IMPROVED by $20,000. 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!

Listing Status:
Pending
Listing Office:
Samson Properties : 3049305128
Listing Agent:
Holly Michelle Wilson : 3048205690
MLS ID:
WVBE2038928

This listing courtesy of Holly Michelle Wilson, Samson Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Burke Street Elementary School

422 W Burke St, Martinsburg, WV, 25401

Grades PK-3

0.16 miles away

M

Martinsburg South Middle School

150 Bulldog Blvd, Martinsburg, WV, 25401

Grades 6-8

0.76 miles away

M

Martinsburg High School

701 S Queen St, Martinsburg, WV, 25401

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.