Property profile

281 Misty Ln Berkeley Springs, WV 25411

OFF-MARKET
Garden apartment buildings
Property ID
US94-0886969
12,120 SF 5.25 ac lot Built 1976
Individually Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This large multifamily property consists of a five-level building accessed by a paved driveway, and it has views from the top level. The site is served by a private well and a septic system. The property previously functioned as a room-rental setup, with some units including kitchenettes and with an additional large room that included a kitchen. Bedroom and bathroom counts are approximate based on the current layout, and the lower levels have access via two large garage doors. The surrounding setting includes wooded areas and a picnic area, contributing to a secluded, quiet environment. The property is configured in a way that allows for potential interior reconfiguration, including possible conversion to a single-family residence, subject to rehabilitation needs.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1976
Total area 12,120 SF
Lot 5.25 ac (228,646 SF)
APN 33-02- 10-0045.0005
UPID US94-0886969

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

281 Misty Ln Berkeley Springs, WV 25411-1049
Berkeley Springs metro Census 970701 HAGERSTOWN-MARTINSBURG, MD-WV METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2014
4 recorded transactions
2014
$172,800
2013
$150,000
2010
$75,000
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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