$400,000
$401,000
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61 CHANCE LN Kearneysville, WV 25430
2,310 SqFt
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,310 sqft
Price per Sqft $173
MLS Listing ID WVJF2004532
Sold Date 07/30/22
Style Cape Cod,Colonial
Abv Grd Liv Area 2,310
Originating Board BRIGHT
Year Built 1979
Annual Tax Amount $3,485
Tax Year 2021
Lot Size 2.890 Acres
Acres 2.89
Property Description
Minimum 48 Hour Notice required to show this property. 11-15-19-61 Chance Lane. 4, 1 bedroom units. Taxes indicate it as 61 Chance Lane. 4 Unit Multi-Family Property on 2.89 acres close to major commuting corridors. One 3 Unit townhouse building (11-15-19) and One Cape Cod style 1 bedroom cottage (61 Chance Lane). Rear and side yard for expansion potential. Both buildings have separate septic systems yet share the same well water source. Water has a new softener and UV light system and newer hot water heaters. The townhouse building has 3 units, all identical in floor plan/conveniences. All townhouse units have new wall mounted AC/Heater units, 2/3 have new appliances, all units are all electric with tenant paying all utilities. All 3 townhouse units share a basement laundry area. The townhouse units have common area storage and laundry in the basement. One car wide garage door allows ownership additional easy access private/secure storage. The Cottage rental has hardwood floors, non-functional fireplace for insurance purposes, and has its owner washer/dryer. This property has an extensive long term rental history with its tenants....one currently remaining on their 10th year. All lease rates would be considered very low to today's standards. The owner has renewed all leases through June 30, 2023 allowing new ownership to give ample notice to current tenants of potential future rent increases. Gross monthly rents for 2022-2023 beginning Aug 1, 2022 will be 3,150/Mo totaling $37,800 for one year. Potential expansion on undeveloped land, potential to separate into two parcels, potential additional income boarding horses, potential storage rental income in basement, potential providing revenue generating/coin operated laundry/amenities in basement.....so much potential.
Location
State WV
County Jefferson
Zoning 103
Rooms
Basement Outside Entrance, Poured Concrete, Unfinished, Workshop
Interior
Interior Features Carpet, Combination Kitchen/Dining, Floor Plan - Traditional, Kitchen - Country, Kitchen - Table Space, Wood Floors
Hot Water Electric
Heating Wall Unit, Baseboard - Electric
Cooling Wall Unit
Flooring Carpet, Wood, Vinyl
Equipment Oven/Range - Electric, Range Hood, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Range Hood, Refrigerator
Heat Source Electric
Exterior
Utilities Available Electric Available, Phone Available
Water Access N
View Street, Trees/Woods, Pasture
Roof Type Shingle
Accessibility Other
Garage N
Building
Lot Description Backs to Trees, Road Frontage, SideYard(s), Sloping, Trees/Wooded
Foundation Block, Crawl Space
Sewer On Site Septic
Water Filter, Conditioner, Well
Architectural Style Cape Cod, Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Jefferson County Schools
Others
Tax ID 07 3001700150000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Cathy Janes • Touchstone Realty, LLC