$775,000
$799,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
1.38 Acres Lot
SOLD DATE : 06/07/2022
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Pikeview Acres
MLS Listing ID WVBE2007860
Sold Date 06/07/22
Style Other
Originating Board BRIGHT
Year Built 1954
Annual Tax Amount $3,435
Tax Year 2021
Lot Size 1.380 Acres
Acres 1.38
Property Description
INVESTORS! This 10 unit apartment complex is comprised of 8- 2 BR, 1 BA and 2 - 1BR, 1BA units at 100% occupancy. In the heart of a growing area, this income-producing opportunity also has an additional block building which could be converted to two additional units or demolished to create space for up to 10 additional units. Situated on 1.38 acres, there is plenty of room to create additional income. The units are within the Pikeview Acres Subdivision which has a road maintenance agreement to keep roads clear for tenants. A minimal HOA fee of $75/ year buys you this service. Each unit is equipped with appliances including refrigerator, washer/ dryer and stove. A privacy fence surrounds the complex and each unit has its own parking. Current rents collected at $7000/ month. Rates from $600-$850/ month. Most leases are in month to month status. Some basic upgrades and improvements could support increased rental rates in this area. Currently being sold AS-IS, WHERE-IS, come see what possibilities you might accomplish to generate more revenue from this private complex.
Location
State WV
County Berkeley
Zoning 211
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Equipment Dryer, Refrigerator, Stove, Washer, Water Heater
Fireplace N
Appliance Dryer, Refrigerator, Stove, Washer, Water Heater
Heat Source None
Exterior
Garage Spaces 18.0
Parking On Site 2
Utilities Available Electric Available, Sewer Available, Water Available
Water Access N
Roof Type Shingle,Metal
Street Surface Paved
Accessibility None
Road Frontage Road Maintenance Agreement
Total Parking Spaces 18
Garage N
Building
Lot Description Backs to Trees, Rural, Other
Foundation Block
Sewer Public Septic
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Berkeley County Schools
Others
Tax ID 01 10K007600000000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Bank Portfolio
Listing Terms Cash, Conventional, Bank Portfolio
Financing Cash,Conventional,Bank Portfolio
Special Listing Condition Standard
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Bought with Tracey Scott • Path Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "