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Property profile & analytics
OFF-MARKET
Assisted living facilities

201 Water St Martinsburg, WV 25401-4241

2,890 SF 0.33 ac lot Built 1989
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US94-0302973
Property summary
AI-generated overview

This exceptional 3,450 square foot mixed-use property at 201 Water Street S, Martinsburg, WV, presents a unique investment opportunity. Currently operating as a highly-rated four-unit Airbnb, this one-level building offers immediate income potential. Three private suites feature queen-sized beds and ensuite bathrooms, while a fourth suite includes a two-bedroom layout and a roll-in shower, making it ideal for accessible accommodations. The property's features are well-suited for conversion into an elder care facility, with existing handicap accessibility and ample support spaces. A commercial-grade kitchen, complete with a hood system and all essential appliances, is complemented by a gym, office, storage room, and supply room. New laundry equipment and an additional refrigerator enhance functionality. Safety features include fire sprinklers and a water treatment system. The property sits on a 0.33-acre lot and boasts a durable new roof, minimizing future maintenance costs. This turnkey operation offers immediate returns and significant long-term potential for various uses, including hospitality, senior living, or a boutique retreat center. The property's versatility and move-in ready condition make it an attractive investment for entrepreneurs and visionaries alike. Priced at $475,000.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1989
Construction WOOD FRAME
Total area 2,890 SF
Lot 0.33 ac (14,375 SF)
APN 02-06- 14-0544.0000
UPID US94-0302973
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rescare Homecare Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Queenmartin LLC · 4 yrs held
Queenmartin LLC
since 2021
Last sale
$310,000
1 recorded transaction
2021
$310,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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