08/22/2020
RENTAL PROPERTIES FOR SALE. OWNER RETIRING.
1890 PALM DRIVE & 509 FALCON DRIVE CHARLESTON, WV 25312
1890 PALM DRIVE. This property consists of 7 units. 1 2bdrm apt, 3 1bdrm apts, and 3 efficiency apt.
1890 A 1 bdrm apt. $550 mth. All utilities paid.
1890 B 2 bdrm apt. $695 mth. All utilities paid.
1890 C Efficiency apt. $600 mth. All utilities paid.
1890 1/2 A 1 bdrm $475 mth. Water and sewer paid.
1890 1/2 B 1 bdrm $475 mth. Water and sewer paid.
1890 1/2 C Efficiency apt. $515 mth. All utilities paid.
1890 1/2 D Efficiency apt. $450mth. Water and sewer paid.
1 building has a pay washer and dryer which is shared with all tenants.
509 Falcon Drive. Two bdrm houses currently being remolded. The exterior is finished with; new windows, siding, large deck, and gutters. Inside mostly finished out. Estimated rental income $600 mth with tenant paying utilities. Selling as-is.
LAND IS APPROXIMATELY 2 ACRES
MONTHLY EXPENSES & INCOME FOR ALL 3 PROPERTIES
Utilities $700 mth. Taxes $100 mth. Insurance $50 mth. Monthly maintenance approximated, including yard mowing. $200
Total expenses $1050 Income $4360. Cash flow $3310. This property has grossed over $330.000 in the last 10 years. I have owned it since 1994. 1890 1/2 had a $12,000 new roof last year.
CURRENT APPRAISED COUNTY VALUE APPROXIMATELY $160,000 PLUS. PROPERTIES HAVE NOT BEEN APPRAISED BY THE COUNTY FOR A LONG TIME.
WILL SELL AS-IS, NO DICKERING, WITHOUT AGENT LISTING FOR $155,000.
615 CENTRAL AVENUE CHARLESTON, WV 25302
Large 3 story stucco home with a half basement. This home is currently being used to rent out rooms. There are 7 furnished rooms. All utilities to include cable and internet are included in the rent. There is paved parking in the rear of the building for 5 vehicles. The basement has a pay washer and dryer for use by all tenants. There are 2 kitchens and 2 bathrooms that are shared. We do weekly cleaning in common areas only.
Utilities $800 mth. Taxes $138 mth. Insurance $25 mth. Monthly maintenance approximated $200
Total expenses mth $963 Income mth $3760. Cash flow mth $2797
This property has been very good for me. I currently rent to a lot of traveling nurses. It has grossed over $320,000 in the last 12 years. I have owned it since 2008.
CURRENT APPRAISED COUNTY VALUE APPROXIMATELY $95,000 PLUS. PROPERTY HAS NOT BEEN APPRAISED BY THE COUNTY FOR A LONG TIME.
WILL SELL AS-IS, NO DICKERING, WITHOUT AGENT LISTING FOR $85,000.
723 GARRISON AVENUE CHARLESTON. WV 25302
This house is 1 bdrm, one bath with separate dining, and a large eat-in kitchen. It has 2 decks, a half basement, a carport, and an outdoor storage building. It has approximately 1 acre of land if I remember correctly.
Utilities $18 mth. Taxes $114 mth. Insurance $25 mth. Monthly maintenance approximated $30
Total expenses mth $187 Income $650 mth. Cash flow mth $463. This property has grossed over $34,000 since I bought it in 2015.
CURRENT APPRAISED COUNTY VALUE APPROXIMATELY $43,000 PLUS. PROPERTY HAS NOT BEEN APPRAISED BY THE COUNTY FOR A LONG TIME.
WILL SELL AS-IS, NO DICKERING, WITHOUT AGENT LISTING FOR $35,000.
Call Rick Raines 304-415-0381 OWNER IS A REALTOR.