601 N River Road New Cumberland, WV $ 1,100,000
601 N River Road
$ 1,100,000
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601 N River Road

New Cumberland, WV, 26047
$ 1,100,000
Baths0.0

Monthly Estimate*

$ 7,311

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Studio

Commercial Property for sale in New Cumberland, WV

for $1,100,000. This building was built in 1940 on a lot size of 0.2263.

Investor's Dream! Rare Opportunity to Own 3 Properties in 1 Portfolio! Property 1: 7-Unit Building fully rented offering immediate income. Tenants pay all utilities Each unit has laundry hookups. Another great feature is this property has great views of the Ohio River. Property 2: 4-Unit Complex Includes a 3-unit apartment building and small house which includes a long-term tenant. Property 3: 17-Unit Apartment Building Consists of 5 buildings, including a large storage building to use as you please. Coin operated laundry machines for tenant convenience and additional owner income. All 5 buildings have recently been upgraded with new metal roofs. Current ongoing remodeling at this property, including some new windows, doors, and awnings. This property is situated on 1.60 acres and is close to many conveniences including shopping, restaurants, schools, recreation and banking. This is a unique opportunity to acquire a diversified portfolio of income-producing properties with tremendous potential for growth and profitability. Act now to secure your investment in these lucrative assets!

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Commercial Active

Price

$ 1,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 1,257

Style

Lot Size

0.2263

Year Built

1940

Town/City

New Cumberland

County/Region

Hancock

MLS | Web ID

5037253

Features
General
Sewer PublicSewer
Heating ForcedAir Gas
Possession DeliveryOfDeed
Roof Asphalt Fiberglass
Year Built 1940
Stories 2
Township New Cumberland
Levels Two
Property SubType Apartment
Tax Year 2023
Current Use MultiFamily
County Hancock
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions Rt. 2 to New Cumberland. Left on N. River Rd.
City New Cumberland
Disclosures PrincipalisRealEstateLicensed
View Y/N N
Senior Community Y/N N
High School District Hancock WVCSD
Waterfront Y/N Y
Carport Y/N N
Street Name River
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1257.0
Home Warranty Y/N N
Property Condition Unknown
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 17
Standard Status Active
Middle/Junior School District Hancock WVCSD
Elementary School District Hancock WVCSD
Year Built Source Assessor
Total Actual Rent 4450.0
Property Sub Type Additional Apartment
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Parking Features Gravel ParkingLot
Water Source Public
Lot Size Area 0.2263
Spa N
Lot Size Acres 0.2263
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 601
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* Excluded Features
List By
Amy J Beaman

Listing Agent

Jj Guida Airport Realty

Broker

amy@jjguidarealty.net

Email

Affordability Calculator

$7,416
Per Month
99%
1%
0%
Monthly Principal & Interest
$7,311
Monthly Property Taxes
$105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3059854 Elementary School
3060528 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2024$1,100,000 Listed Price

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601 N River Road, New Cumberland, WV, 26047 is a Commercial Property for sale at $1,100,000 with a lot size of 0.2263. 601 N River Road is a studio with 0.0 baths and was built in 1940. The property's zip code is 26047 which is in New Cumberland, WV