48-60 Janice St Immeuble residentiel 8 lots 765 560 € (95 695 €/Lot) Taux de capitalisation 8,91 % Martinsburg, WV 25404

Overview
- Year Built: 1983
- Total Units: 8 (2 Buildings) - Total Square Footage: 13,499 sq ft
- Occupancy: 6 of 8 units currently occupied (All on month-to-month leases)
- Unit Mix: Primarily 1-Bedroom Units (2 units are 2-Bedroom)
- Coin Laundry: On-site, Building 1 (Income covers street lights)
Recent Upgrades:
- New roof & gutters (Building 2 - July 2024)
- Newer windows throughout
- Updated wall-mounted HVAC units
Investment Highlights
- Long-term tenants: Multiple residents 4-9 years
- Low maintenance: Brick exterior, off-street parking, private street
- Below-market rents: $750-$925/month - Upside potential to $88,800/year
- Fully separate electric meters
- All appliances & wall HVAC units convey
- Located just outside city limits - no city taxes!
Financial Snapshot
- 2024 Taxes: $3,818
- Insurance $200/month
- Maintenance: $100/month
- Landscaping: $100/month
- Trash $80/month
Electric - Tenant paid (plus coin-op covers some shared expenses for outdoor lighting)
Rental Potential (Market Rate)
- 6 x 1BR @ $900 = $5,400
- 2 x 2BR @ $1,000 = $2,000
- Potential Gross Income: $88,800/year
Why You'll Love It
This low-maintenance, all-brick complex is located in a quiet, stable neighborhood close to shopping, banks, and major roads. Upside rental potential and turnkey ready.
Investor Data Sheet – 8 Unit Apartment Complex
Property Overview
Year Built: 1983 Year Purchased: 2010
Total Sq Ft: 13,499 Buildings: 2 Units: 8
Metering: Separately metered
Laundry: Coin-operated laundry in Building 1
Included in Sale: All appliances, HVAC wall units (2 per unit)

Operating Expenses
Taxes: $3,818 (2024), $4,520 (2023), $3,903 (2022), $3,669 (2021), $3,627 (2020)
Landscaping: $100/month
Insurance: $200/month
Maintenance: $100/month
Water $225/month Trash: 80/Month
Electric: Tenant-paid Management: Self-managed
Additional Notes
No known issues or repairs needed. No code violations or open permits.
New roof on Building 2 (July 2024)
No history of pest issues, mold remediation, or legal disputes (one past eviction).
All units inspected weekly by owner.
Potential market rent: $88,800 annually.
Reason for selling: Seller reinvesting to another investment
Income (Current)
Monthly $4675.00
Annual Income $56,100.00
Net Operating Income(NOI) $47,482.00
Cap Rate 5.27%
Income (Market Potential)
Monthly $7400.00
Annual Income $88,800.00
Net Operating Income(NOI) $80,182.00
Cap Rate 8.91%

Financial Breakdown – 8 Unit Apartment Complex
Description
Amount
Monthly Income (Current)
$4675.00
Annual Income (Current)
$56,100.00
Monthly Income (Market Potential)
$7400.00
Annual Income (Market Potential)
$88,800.00
Annual Operating Expenses (Est)
$8,618.00
Net Annal Income (Current)
$47,482.00
Net Annual Income (Market)
$80,182.00