2457 4th Ave - Residential Income FOR SALE


Huntington, WV 25703
$1,300,000 USD
304-840-1781
2457 4th Ave, Huntington, WV for Sale
$1,300,000 USD
Residential Income - FOR SALE
1/4
null | Request Cap Rate

2457 4th Ave
Huntington, WV 25703


HIGHLIGHTS

  • Portfolio of 36 Single Family Residential Homes for Sale and Three Vacant Lots.
  • Huntington Shows Strong and Consistent Residential Demand.
  • Upside Potential for New Ownership to Rehab Some of the Units to Increase Rents.
  • Perfect Opportunity to Solidify Ownership in an Entire Section of the City.
  • Many Contiguous Lots and Corner Parcels--Excellent Future Development Potential.
  • Convenient to Hal Greer Blvd, Route 60, and Interstate 64.

OVERVIEW

This offering includes 39 single family rental homes in the heart of Huntington's residential sector. 30 of the assets are currently operational and are currently producing or able to produce a cumulative rental income of $23,785 per month. Nine of the properties have varying degrees of necessary repairs ranging from simple bathroom renovation and fixture replacement to drywall and flooring replacement. Those properties represent a potential combined rental income of $11,050 per month. The overall amount of investment towards the properties will determine the potential rental income. Please see the marketing brochure for complete details on the offering.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Offering-39 Single Family Residential Homes

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

05-10-03010000,05-10-03040000,05-10-03090000,05-10-03100000,05-10-03110000,05-10-03130000,05-10-03140000,05-10-03150000,05-10-03190000,05-10-03210000,05-10-03230000,05-10-03240000,05-10-03270000,05-10-03280000,05-10-03430000,05-10-03440000,05-10-03450000,05-10-03800000,05-10-03810000,05-10-03840000,05-10-03860000,05-10-03880000,05-10-03900000,05-10-03950000,05-10-03970000,06-05- 10-0305.0000,06-05- 10-0312.0000,06-05- 10-0316.0000,06-05- 10-0317.0000,06-05- 10-0337.0000,06-05- 10-0342.0000,06-05- 10-0382.0000,06-05- 10-0385.0000,06-05- 10-0387.0000,06-05- 10-0394.0000

ASK ABOUT THIS PROPERTY

Quintie SmithRealcorp, LLCMore Info
304-840-1781

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Quintie SmithRealcorp, LLCMore Info
304-840-1781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.