511 Grant Ave - Apartments FOR SALE


Morgantown, WV 26505
$775,000 USD
304-413-4350
511 Grant Ave, Morgantown, WV for Sale
$775,000 USD
Apartments - FOR SALE
1/8
null | 11.16% Cap Rate

511 Grant Ave
Morgantown, WV 26505


HIGHLIGHTS

  • Walking distance to WVU's main campus & the PRT
  • All customary public utilities are available to the site
  • Off-Street Gravel Parking Lot

OVERVIEW

CAP RATE / 11.16% [PROFORMA CAP RATE] Located seconds from West Virginia University’s main campus, 511 Grant Avenue is a two-story, seven-unit multifamily building grossing 9,120 (+/-) square feet on 0.138 (+/-) acre. Each unit is approximately 800 (+/-) square feet. All customary public utilities are available to the site, including public water and sewer. Take advantage of this prime location walking distance to West Virginia University’s main campus. The property is located inside the city limits of Morgantown and is within walking distance to many amenities including the West Virginia University main campus, Beechurst Ave PRT, shopping, dining and more. The property is positioned roughly 4 miles from I-79, Exit 155, 5 miles from I-68, Exit 1, and 5 miles from I-68, Exit 7.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

7

PRICE/UNIT

$110,714

CAP RATE

11.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Unit MultiFamily Investment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3-RESIDENTIAL

APN/PARCEL ID

12-15-02150001

ASK ABOUT THIS PROPERTY

Kim Licciardi, CCIMBlack Diamond RealtyMore Info
304-413-4350

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Kim Licciardi, CCIMBlack Diamond RealtyMore Info
304-413-4350

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