349 Halltown Rd - Apartments FOR SALE


Harpers Ferry, WV 25425
$749,000 USD
703-772-8445
349 Halltown Rd, Harpers Ferry, WV for Sale
$749,000 USD
Apartments - FOR SALE
1/12
null | 6.36% Cap Rate

349 Halltown Rd
Harpers Ferry, WV 25425


OVERVIEW

This opportunity is a great Investment Property! 8 Studio apartments & 1 Two Bed apartment with 100% occupancy. Fantastic Location minutes from Charles Town & Harpers Ferry. Block & Brick Building, Wall Heating & Air Conditioning in all units, new flooring and painting has been completed in each unit. Central Laundry Room, Paved Circular Drive & Parking Spaces. All this is situated on just over 1 acre. These units fill up fast, we hardly ever have any vacancy. The property is fully occupied with most units on month to month leases. Property is on septic and well. Two new septic tanks within 4 years. New septic drain lines within 1 year. New well pump and well UV filter within 4 years. Expenses include; Trash removal for $152 per month. Electric utility is an average of $835.52 per month. Landlord currently pays internet / cable but it can be charged to the tenants. There is value add potential with this property; whether that’s continuing to increase the rents or by building on the front portion of the property. There is also potential to add a second story to the existing structure (see attached plans). Please do your own research to confirm development potential. The following updates have been completed in the last 4 years; new septic tanks plus drain lines, new well pump plus UV light filter, various cosmetic updates to each unit, coin operated washer and dryer. Various units also have newer PTAC units.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

9

PRICE/UNIT

$83,222

CAP RATE

6.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Halltown Rd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

04-10-00090000

ASK ABOUT THIS PROPERTY

Dylan DalyKENNEDY & Co.More Info
703-772-8445

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Dylan DalyKENNEDY & Co.More Info
703-772-8445

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.