311 Maple AveMartinsburg, WV 25401

Property Details for 311 Maple Ave

Year built

1960

Lot size

0.23 AC

Property size (Sq ft)

10,800 SF

Property type

Garden apartment buildings

APN

02-06- 10-0357.0000

APU

2061003570000

Description

This exceptional investment opportunity in Martinsburg, WV, presents a rare blend of residential and commercial income streams. Located at 311 N Maple Avenue Unit 8, the property boasts a substantial 10,001 square feet of space, encompassing eight currently rented apartments on the upper floor, generating a consistent monthly income of $7,650. The lower floor offers 5,000 square feet of versatile warehouse/commercial space, ideal for a variety of uses, providing further income potential or the possibility of owner-occupancy. Adding to its appeal, the property includes two additional lots, providing ample parking for tenants and customers. The 0.23-acre lot ensures sufficient space for both the existing structures and future expansion or development. This property is a turnkey investment, offering immediate cash flow and significant long-term growth potential. The strong rental income, combined with the substantial commercial space, makes this an attractive proposition for savvy investors seeking a diversified portfolio. The convenient location in Martinsburg further enhances its desirability. This is a truly unique opportunity to acquire a high-performing multi-use property with significant upside. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $3,187,433

  6.5%

  $2,942,246

  7%

  $2,732,086

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,346,996

  Geo Method

  $3,346,996

• Alternative Use

  Use

  Valuation

  Residential

  $2,942,246

  Hospitality

  $2,695,082

  Educational

  $2,242,276

  Medical

  $2,319,392

  Retail

  $3,487,985

Location Insight

City

Martinsburg

County

Berkeley

State

West Virginia

Latitude

39.461

Longitude

-77.9646

CBSA code

25180

CBSA name

HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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