111 East New Street
111 East New Street
Shepherdstown, WV 25443
$649,900
Price
—
Beds
1,896 Sq. Ft.
$343 / Sq. Ft.
1,896
Sq. Ft.
$343
per Sq. Ft.
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...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. 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.
- Listed by Brad P Lewis • Greentree Associates of Shepherdstown, Inc.P: 3042835192 bplewisgtr@yahoo.com
Property Details for 111 East New Street
Tax ID Number
10 3005100000000
OwnershipFee Simple
Structure TypeDetached
StyleCottage
WaterfrontNo
ViewsCity, Street
GarageNo
Expected On Market Date04-05-2024
Location
Listing Courtesy of Greentree Associates of Shepherdstown, Inc.
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LISTING UPDATED: 04/24/2024 12:21 PM
Property Details for 111 East New Street
| Status | Active |
|---|---|
| MLS # | WVJF2010416 |
| Days on Market | 29 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1812 |
| Lot Size | 0.17 AC / 7,314 SF |
| County | Jefferson County |
Location
Listing Courtesy of Greentree Associates of Shepherdstown, Inc.
Add your commute
Building Information for 111 East New Street
Stories-Residences3Year Built1812Building Size-Lot Size0.17 AC / 7,314 SF
Payment Calculator
$3,547 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,547
Property Taxes
$0
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 111 East New Street
Location
Location
- In City Limits: Yes
- School District Name: JEFFERSON COUNTY SCHOOLS
- School District County ID: 121141204981
- SchoolDistrictSource: Listing Agent
- County: JEFFERSON
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2022
- Tax Assessed Value: $330,000
- Year Assessed: 2023
- County Tax: $0
- Improvement Assessed Value: $188,600
- City Town Tax: $0
- Land Assessed Value: $141,400
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: 004
- Agricultural Tax Due: No
- Historic: Yes
- Zoning: 101
- Tax Lot: #128
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Accounting/Legal, Insurance, Taxes - Real Estate
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 1
- Units Furnished: None
- Units Leased Count: 3
- Number Of Units Vacant: 1
- Vacancy Allowance Rate: .00%
- Number Of Units Month To Month: 0
- Rent Control: No
Financial Information
Expenses
- Operating Expense: $7,840
- Operating Expense Includes: Insurance
Financial Information
- Gross Income: $42,000
- Gross Scheduled Income: $42,000
- Annual Rental Income: $42,000
- Income Includes: Apartment Rentals
- Cap Rate: 5.00
- Existing Lease Type: Yearly
Building Info
Building Info
- Year Major Reno Remodel: 2018
- Building Units Total: 3
- Total Finished SQFT: 1,896.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 1,694.00
- Total SQFT: 1,896.00
- Total SQFT Source: Estimated
- Construction Materials: Brick, Wood Siding
- Roof: Metal
- Wall and Ceiling Types: Dry Wall, Plaster Walls
- Flooring Type: Ceramic Tile, Laminated, Wood
- Basement Type: Daylight, Partial, Drainage System, Outside Entrance, Poured Concrete, Rear Entrance, Unfinished, Walkout Stairs, Windows, Workshop
- Foundation Details: Block, Crawl Space, Stone, Slab
- Other Structure: Tenant House
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Features: Backs to Trees, Landscaping, Trees/Wooded
- Road Surface Type: Paved
- Road Responsibility: Public
- Location Type: Urban
- Parcel ID: 21458037
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: On Street
- Parking Features: Paved Parking, Rented/Permit Required
Interior Features
Interior Features
- Interior Features: Dining Area, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Stove - Pellet, Wood Floors, Window Treatments
- Fireplace: Yes
- Fireplaces Count: 5
- Appliances: Built-In Microwave, Dishwasher, Dryer, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
- Accessibility Features: Other
- Security Features: Smoke Detector
- Window Features: Double Hung, Storm
Exterior Features
Exterior Features
- Spa: No
- Exterior Features: Exterior Lighting, Gutter System, Sidewalks
- Outdoor Living Structures: Porch(es), Patio(s)
- Pool: No Pool
Utilities
Utilities
- Utilities: Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available
- Heating: Yes
- Cooling Type: Wall Unit, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Wood Burn Stove, Other
- Heating Fuel: Electric, Wood
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 200+ Amp Service
- Internet Services: Cable, DSL
Confidential Data
Listing Office
- List Agent AOR: Eastern Panhandle Board of REALTORS
Property History for 111 East New Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 111 East New Street
This home is within Jefferson County Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Shepherdstown Elementary School PublicPK to 5 | ||
Shepherdstown Middle School Public6 to 8 | ||
Jefferson High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Greentree Associates of Shepherdstown, Inc.
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 04/24/2024 12:21 PM