Christina Pereira - REMAX Distinctive
23 & 63 Camouflage
GERRARDSTOWN, WV 25420

Description

Fantastic opportunity to own two rental investment properties right beside one another! Assuming rent of $750/mo per unit (1,500/mo total), $1,000 in annual insurance, $1,000 in annual maintenance, and $1,800 annually (10%) for property management, then the result is a 12% (TWELVE PERCENT!) CAP RATE. Don't let this opportunity pass you by, especially in a market in which even some of the savviest investors consider themselves lucky to find investments with only a 9% or 10% cap rate! All debris, old motor vehicles, boats, etc to be removed prior to settlement, as well as the numerous outbuildings, except the ones that are built on the property (well house and large, white-sided shed). Per owner, 9-bedroom septic, only 3 years old.

Details

MLS#WVBE127578
Sub-TypeResale
StatusActive
Year0
Days On Site9

Features

Units1

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Area Information

StateWV
CityGERRARDSTOWN
Zip Code25420
Listing VS Median (in 25420)
Price:
$115,000
low | high
Med:
$47,000
100% of Average
On Site:
9
low | high
Med:
3
100% of Average
Listing Updated: 12/15/2018
MLS Number: WVBE127578
Listing Provided By:
Nicholas J Palkovic  of  Touchstone Realty LLC

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