304 German St Shepherdstown, WV 25443
- Apartment buildings
- 3,556 SF
- 0.34 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 304 German St
- Year built
- 1900
- Lot size
- 0.34 lot acres
- Property size
- 3,556 SF
- Property type
- Apartment buildings
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shepherdstown
- County
- Jefferson
- State
- West Virginia
- Longitude
- -77.8094
- Latitude
- 39.432
