501 West King St, Martinsburg, WV 25401 (MLS # WVBE2034972)

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PRICE $599,900 SIZE 8,093 sqft LOT SIZE 5,663 sqft Request More Info Schedule a Showing

**Welcome to 501 West King Street - Your Opportunity Awaits!** Discover the charm of this **French Provincial-style apartment building**, perfectly situated on a corner lot in the heart of downtown Martinsburg. This property is not just a place to live; it's a lifestyle! Located just steps away from **The Garage on King**, the area's newest and trendiest food hall, this building offers tenants an unbeatable blend of convenience and modern living. **Property Highlights:** - **Six Units**: Includes **3 one-bedroom** and **3 two-bedroom** apartments. _**Over 8000 sq ft - **Efficient Systems**: Each unit is equipped with its own electric HVAC system, and water is metered separately in the basement for easy pass-through to tenants. - **Prime Location**: Walkable to dining, entertainment, and downtown amenities. -**Central Vacuum **Income Potential:** - **Current Income**: $5,250 in gross rents + $100 from laundry. - **Future Potential**: With renovations and market adjustments on the remaining units, **gross income could reach $7,050** (including laundry). **Updates & Value Add:** - Three apartments have already been turned over with market rate increases. - One vacant unit is ready for renovation, offering even more potential for increased income. **Low Expenses, High Potential!** This is an incredible opportunity to own a **low-maintenance, high-return investment property** in a thriving location. Ready to invest in your future? Don't miss out on this gem at **501 West King Street**!