501 W King Street

Highlights:

• Days on Market: 72
• Heating: Forced Air

Description:

Corner

**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 **4 one-bedroom** and **2 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**!