32 Baird St - Apartments FOR SALE


Morgantown, WV 26505
$1,875,000 USD
304-413-4350
32 Baird St, Morgantown, WV for Sale
$1,875,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

32 Baird St
Morgantown, WV 26505


HIGHLIGHTS

  • 12-Minute Walk to WVU's Downtown Campus
  • 13 Units
  • Newly Renovated
  • In-Unit Laundry
  • 13 Off-Street Parking Spaces

OVERVIEW

Black Diamond Realty is pleased to present to qualified buyers, a three-story student housing portfolio on 0.2 (+/-) acre in Morgantown, WV. The building is comprised of 12 apartments including 11, 2-bedroom, 2-bathroom apartments, one, 1-bedroom, 1-bathroom apartment and one office with kitchenette. The building is situated 0.5 mile (12 minute walk) from the Mountainlair and West Virginia University's Downtown Campus. The property is located inside the city limits of Morgantown and is within walking distance to many amenities including West Virginia University’s Downtown Campus, the PRT, shopping and more. The property is positioned roughly 2.6 miles from I-79, Exit 152, 3.1 miles from I-68, Exit 4 and 4.1 miles from I-68, Exit 7. Built in 2009, the subject property consists of one, three-story apartment building containing 12 apartments and one office on 0.20 (+/-) acre. There are 11, 2-bedroom, 2-bathroom apartments, one, 1-bedroom, 1-bathroom apartment and one office with kitchenette. The building is masonry construction with cement board siding and a composition, shingle roof. Windows are thermal and HVAC is FA/CAC (electric heat pumps). Security Cameras are located around the property to provide 24/7 surveillance of property. Recent exterior improvements include a new roof (Summer 2023), new exterior doors on all units with keyless entry and new siding and stone on the first floor exterior.  Interior features include drywall walls and ceilings, wood doors and trim, fibreglass tubs/showers and carpet or resilient flooring. Recent improvements include new LVP scratch and waterproof flooring or new tiling and new granite counter tops in all kitchens. Each unit provides in-unit laundry with stackable washer and dryers and oversized closets for ample storage. The building’s crawl spaces have also been fully insulated with a water vapor barrier to properly ensure no moisture penetrates the first floor units.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

12

PRICE/UNIT

$156,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Unit Apartment Building + Office

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2009

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,599 SF

ZONING

B-2 Service Business

APN/PARCEL ID

13-26-02840000

ASK ABOUT THIS PROPERTY

David Lorenze, CCIMBlack Diamond RealtyMore Info
304-413-4350

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

David Lorenze, CCIMBlack Diamond RealtyMore Info
304-413-4350

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