304 German StShepherdstown, WV 25443

Property Details for 304 German St

Year built

1900

Lot size

0.34 AC

Property size (Sq ft)

3,556 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a five-unit multifamily property located at 304 W German Street in Shepherdstown, West Virginia, 25443. The property consists of two buildings on a 0.34-acre lot: a main house containing four apartments and a separate cottage with a two-bedroom unit. Built in 1900, this three-story structure offers a total of 3,556 square feet and boasts a desirable 5.74% cap rate, with an asking price of $765,000 ($215.13 per square foot and $153,000 per unit). Ten parking spaces are available for residents. All five units are currently leased on an annual basis, providing immediate cash flow. Each unit features individually metered electric and water services, simplifying utility management and tenant billing. The unit mix includes two one-bedroom units and two three-bedroom units in the main house, along with the two-bedroom cottage. The property is offered fee simple, with no ground lease. This property presents significant potential for future growth and strong rental income. The property is situated in Jefferson County, West Virginia.

Location Insight

City

Shepherdstown

County

Jefferson

State

West Virginia

Latitude

39.432

Longitude

-77.8094

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