Colonial
1585 GARDNERS LANE
SHEPHERDSTOWN , WV 25443
MLS#: WVJF2020542
$1,600,000
Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1850
Sq.Footage
3,692
1585 Gardners Lane: Circa 1850 Farmhouse converted into 6 apartments, 2 cottages and 1 duplex totaling 10 units on 13.2 acres with huge bank barn and fencing/pasture for horses. 100% occupancy, great rental history over past 20 years of ownership. Roughly $11k per month totaling a potential yearly income of $132,910 (2025). Current owner operated and managed these units as short term rentals on month to month leases. Some tenants have remained for many years. One tenant leases a cottage and all the fenced areas and barn for an equestrian business. Tenants pay electric, owner provides Wi-Fi and trash removal. All tenants are on month to month leases. Multiple wells and septic systems. NOTE: 48 HOURS REQUIRED FOR ALL SHOWINGS.
Features & Amenities
Interior
-
Total Bedrooms
10
-
Bathrooms
N/A
-
Above Grade Finished Area
3692.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Assigned, Paved, Driveway, Parking Lot
-
Patio and Porch Features
Patio, Porch
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
-
View
Panoramic, Pasture, Street, Trees/Woods, Scenic
Area & Lot
-
Lot Features
Wooded, Back Yard
-
Lot Size(acres)
13.12
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Colonial
Price
-
Sales Price
$1,600,000
-
Tax Amount
6241.0
-
Sq. Footage
3, 692
-
Price/SqFt
$433
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Stone
-
Sewer
Septic Tank
-
Tax Lot
5
-
Water Source
Well
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Location
County
JEFFERSON
Elementary School
Middle School
High School
Listing Courtesy of Brad P Lewis , Greentree Associates of Shepherdstown, Inc.
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