NOT LISTED FOR SALE

53 Evergreen Dr Martinsburg, WV 25405

-- Bed
-- Bath
-- Sq Ft
1.38 Acres

Last Sold June 07, 2022

Last sale price $775,000

8 Days on Market

Highlights

  • 1.38 Acre Lot
  • Backs to Trees or Woods
  • Electric Baseboard Heater

About This Home

As of June 2022

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.

Last Agent to Sell the Property

Tracey Scott

Path Realty License #s190300628 Listed on: 03/22/2022

Last Buyer's Agent

Tracey Scott

Path Realty License #s190300628 Listed on: 03/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,435

Year Built

  • Built in 1954

Lot Details

  • 1.38 Acre Lot
  • Rural Setting
  • Backs to Trees or Woods
  • Property is in average condition

Home Design

  • Block Foundation
  • Shingle Roof
  • Metal Roof
  • Vinyl Siding

Kitchen

  • Stove

Laundry

  • Dryer
  • Washer

Parking

  • 18 Parking Spaces
  • 12 Driveway Spaces
  • 6 Off-Street Spaces
  • Private Parking
  • Lighted Parking
  • Gravel Driveway
  • Shared Driveway
  • 2 Assigned Parking Spaces

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • The owner pays for water, real estate taxes
  • Assessor Parcel Number 01 10K007600000000

Community Details

Overview

  • 2 Units
  • 1-Story Building
  • Pikeview Acres Subdivision

Building Details

  • Income includes apartment rentals
  • Net Operating Income $20,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,435

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: 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.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Refrigerator, Stove, Washer, Water Heater
  • Fireplace: No
  • Foundation Details: Block
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 53

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Mixed, Concrete
  • Road Surface Type: Paved
  • Roof: Shingle, Metal
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned, Gravel Driveway, Lighted Parking, Private, Shared Driveway
  • Total Garage And Parking Spaces: 18
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 12
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: BERKELEY COUNTY SCHOOLS
  • School District Key: 121139330472
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 161200.00
  • Land Assessed Value: 82900.00
  • Lot Features: Backs To Trees, Rural
  • Lot Size Acres: 1.38
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 60112.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: 211
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Ground Rent Exists: No
  • Owner Pays: Water, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 84000.00
  • Units Leased Count: 10
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 20230093
  • School Tax: 2596.00
  • Tax Annual Amount: 3435.00
  • Assessor Parcel Number: 01 10K007600000000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/07/2022

Multi Family

  • Gross Income: 84000.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: BERKELEY COUNTY SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $775,000 -3.0% --
03/22/2022 03/22/22 For Sale $799,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tracey Scott

    Seller's Agent in 2022

    Tracey Scott

    Path Realty

    (304) 279-6950

    80 in this area

    265 Total Sales

    Tracey Scott
    Section Image
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Map

Source: Bright MLS

MLS Number: WVBE2007860

Bright MLS
West Virginia Berkeley County Martinsburg 25405

53 Evergreen Dr, Martinsburg, WV

This home is located at 53 Evergreen Dr, Martinsburg, WV 25405 since 22 March 2022. This property was built in 1954. 53 Evergreen Dr is a home located in Berkeley County with nearby schools including Berkeley Heights Elementary School, Orchard View Intermediate School, and Martinsburg South Middle School.

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