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Sold for $237,500 on 04/30/25
  • $237,500

    401 Lincoln Ave, Elkins, WV 26241

    11beds
    4,868sqft
    2-4 Family
    Built in 1940
    -- sqft lot
    $240,200 Zestimate®
    $49/sqft
    $966 Estimated rent

    What's special

    Investment opportunity! Four remodeled apartments, three bedroom home and former shop with good income and potential for additional rentals. Four apartments total 2660 sq. ft. ; house 1423 sq. ft.; shop 785 sq. ft. This property has the potential of over $4,000/month income. There is a current lease between the owner and a health care provider which insures there is housing available for their employees. This lease can be modified by the new buyer and they can choose to continue working with the health care provider at a higher monthly rental or procure tenants of their own at a higher monthly rental. The lease with the health care provider will expire upon settlement with a new owner and the lease monies can be increased by the new owner.

    Zillow last checked: 7 hours ago

    Listing updated: April 30, 2025 at 02:04pm

    Listed by:

    Letitia Johnson 304-940-9689,

    PROPST REALTY,

    Lanny A Propst,

    PROPST REALTY

    Bought with:

    Anna Stewart, WV0030114

    BOWIE HOME & LAND, LLC

    Source: NCWV REIN,MLS#: 10155672MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 5
    • Full bathrooms: 5
    Basement
    • Level: Basement
    Heating
    • Central, Forced Air, Baseboard, Electric, Natural Gas
    Cooling
    • Central Air, Window Unit(s)
    Appliances
    • Included: Range, Refrigerator, Gas Stove Connection
    • Laundry: Washer Hookup, Gas Dryer Hookup, Washer/Dryer Some
    Features
    • Other
    • Flooring: Carpet, Vinyl, Laminate
    • Basement: Partial,Unfinished
    • Attic: Interior Access Only
    Interior area
    • Total structure area: 4,868
    • Total interior livable area: 4,868 sqft
    • Finished area below ground: 4

    Property

    Parking
    • Total spaces: 3
    • Parking features: Off Street, 3+ Cars, No Garage
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Porch
    • Fencing: None
    • Has view: Yes
    • View description: City Lights
    • Waterfront features: None
    Lot
    • Size: 6,250 sqft
    • Dimensions: 60 x 108 x 60 x 142
    • Features: Corner Lot, Sloped
    Details
    • Parcel number: 05501100000000
    • Zoning description: Apartment Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: 2-4 Family
    Materials
    • Frame, Block, Aluminum Siding, Asbestos
    • Foundation: Block
    • Roof: Shingle,Flat
    Condition
    • Year built: 1940

    Utilities & green energy

    • Electric: Circuit Breakers, 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Community
    • Community features: Park, Tennis Court(s), Medical Facility
    Location
    • Region: Elkins

    HOA & financial

    Other financial information
    • Total actual rent: 1400
    Services availability
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