Skip To Content

111 E New Street

SHEPHERDSTOWN, WV 25443
  • $649,900
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: WVJF2010416
Price Reduced
UPDATED: 123 min ago
$649,900
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,896
    SQFT
  • $343
    $/SQFT
Type:
Multi-Family
Built:
1812
County:

School Ratings & Info

School District:

Description

This is quite possibly the only 3 unit property within the Corporation of Shepherdstown. One House at 111 East New Street and Two Apartments at 136 & 138 East Back Alley on one lot/deed. Live in the historic, circa 1812 brick home while renting the two rear apartments for passive income or to offset your mortgage. The main house, 111 East New Street, has four bedrooms and two full baths, is approximately 1,896 square feet, has updated stainless appliances, newly refinished hardwood floors, wood pellet stove insert in the family room, and tile bathroom floors. The floor plan allows for two bedrooms on the main level. The two bedroom upstairs have original wide plank hardwood floors with decorative brick fireplaces. The laundry room is off the kitchen and both of the two full baths are on the main level. The property is fully fenced with multiple gates for easy access off New Street and double rear gates for added privacy. New Street may also be the newest street in town having new infrastructure and pavement during the summer of 2020. New Street is a one way street one block off the hustle and bustle of German Street. Enjoy the sights, sounds, and smells of town a block away while relaxing on the patio or the sitting area under shade of the two huge pine trees. A little workshop area and dry/well-lit storage adorn the restored basement. The home consists of 5 decorative fireplaces. The great news for you is this home has been prepped and ready for your immediate occupancy! Each apartment, 136 and 138 East Back Alley, is metered separately and accessed off Back Alley. Both are mirror image, 1BR, 1BA, and approximately 580 Sq. Ft. each. One has new laminate floors, one with ceramic tile floors. Both units are updated, all electric, window units provided, have stack washers/dryers, and parking for one vehicle per unit. They have each rented for $950/month for several years, keeping good tenants/neighbors. Some would consider these rents low to today's standards. $1,900/month in passive income off the back two apartments! All three properties have enormous potential for long or short term housing. Both rear apartments are leased through June 30, 2024 and require 24 hours notice to show. Owner is a licensed agent. Flood insurance was not required with current owner.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-24T18:57:09.993.
dmv.psrhomesearch.com/homes/149021214
Print Image

111 E New Street SHEPHERDSTOWN, WV 25443

  • Price: $649,900
  • Status: Active
  • On Site: 25 Days
  • Updated: 123 min ago
  • ID#: WVJF2010416
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,896
SQFT
$343
$/SQFT
1812
Built
Neighborhood:
Corporation Of Shepherdstown
County:
Jefferson
School District:
Jefferson County Schools
Property Description
This is quite possibly the only 3 unit property within the Corporation of Shepherdstown. One House at 111 East New Street and Two Apartments at 136 & 138 East Back Alley on one lot/deed. Live in the historic, circa 1812 brick home while renting the two rear apartments for passive income or to offset your mortgage. The main house, 111 East New Street, has four bedrooms and two full baths, is approximately 1,896 square feet, has updated stainless appliances, newly refinished hardwood floors, wood pellet stove insert in the family room, and tile bathroom floors. The floor plan allows for two bedrooms on the main level. The two bedroom upstairs have original wide plank hardwood floors with decorative brick fireplaces. The laundry room is off the kitchen and both of the two full baths are on the main level. The property is fully fenced with multiple gates for easy access off New Street and double rear gates for added privacy. New Street may also be the newest street in town having new infrastructure and pavement during the summer of 2020. New Street is a one way street one block off the hustle and bustle of German Street. Enjoy the sights, sounds, and smells of town a block away while relaxing on the patio or the sitting area under shade of the two huge pine trees. A little workshop area and dry/well-lit storage adorn the restored basement. The home consists of 5 decorative fireplaces. The great news for you is this home has been prepped and ready for your immediate occupancy! Each apartment, 136 and 138 East Back Alley, is metered separately and accessed off Back Alley. Both are mirror image, 1BR, 1BA, and approximately 580 Sq. Ft. each. One has new laminate floors, one with ceramic tile floors. Both units are updated, all electric, window units provided, have stack washers/dryers, and parking for one vehicle per unit. They have each rented for $950/month for several years, keeping good tenants/neighbors. Some would consider these rents low to today's standards. $1,900/month in passive income off the back two apartments! All three properties have enormous potential for long or short term housing. Both rear apartments are leased through June 30, 2024 and require 24 hours notice to show. Owner is a licensed agent. Flood insurance was not required with current owner.
Exterior Features

Architectural Style Cottage Construction Materials BrickWood Siding Exterior Features Exterior LightingGutter SystemSidewalks Garage YN No Location Type Urban Lot Features Backs to TreesLandscapingTrees/Wooded Other Structures Tenant House Parking Features Paved ParkingRented/Permit Required Parking Types On Street Patio And Porch Features Porch(es)Patio(s) Pool No Pool Property Condition Very Good Road Responsibility Public Road Surface Type Paved Roof Metal View CityStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1896 Appliances Built-In MicrowaveDishwasherDryerDryer - ElectricMicrowaveOven/Range - ElectricRefrigeratorStainless Steel AppliancesWasherWater Heater Basement DaylightPartialDrainage SystemOutside EntrancePoured ConcreteRear EntranceUnfinishedWalkout StairsWindowsWorkshop Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall UnitWindow Unit(s) Fireplace YN Yes Fireplaces Total 5 Flooring Ceramic TileLaminatedWood Heating Baseboard - ElectricWood Burn StoveOther Heating YN Yes Interior Features Dining AreaFloor Plan - TraditionalKitchen - Eat-InKitchen - Table SpaceStove - PelletWood FloorsWindow Treatments Security Features Smoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 0 Units Furnished None Walls Ceilings Dry WallPlaster Walls

Property Features

Accessibility Features Other Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service Existing Lease Type Yearly Foundation Details BlockCrawl SpaceStoneSlab Gross Income 42000.00 Heating Fuel ElectricWood Historic YN Yes Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 7840.00 Operating Expense Includes Insurance Original MLSNumber 802808878608 Owner Pays Accounting/LegalInsuranceTaxes - Real Estate Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 0.00 Tax Lot #128 Total Actual Rent 42000.00 Utilities Cable TV AvailableElectric AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Window Features Double HungStorm Year Built Effective 2018 Zoning 101

Listing courtesy of Greentree Associates of Shepherdstown, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-24T18:57:09.993.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_802808878608-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_802808878608-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_2_802808878608-2.jpg
Logo
Pearson Smith Realty
46161 Westlake Drive, Suite 340
Sterling VA, 20165