101 McLane Ave - Apartments FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$785,000 USD
304-685-3092
101 McLane Ave, Morgantown, WV for Sale
$785,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

101 McLane Ave
Morgantown, WV 26505
Downtown Morgantown


HIGHLIGHTS

  • Off-Street Parking
  • 9 Minute Walk to WVU's Downtown Campus
  • Income Producing
  • Portfolio Purchase Options

OVERVIEW

Located just steps from West Virginia University’s Downtown Campus, 101 McLane Avenue presents a prime opportunity to own a student housing asset in one of Morgantown’s most sought-after rental markets. This 5,293 (+/-) square-foot, three-story building features ten one-bedroom units, offering tenants a private and comfortable living experience within walking distance to WVU, shopping, dining, and entertainment. The property includes off-street parking, a major convenience for residents in this central location. With strong occupancy history and steady demand from the student population, 101 McLane Avenue is a turn-key investment with immediate income potential and long-term upside in a proven university-driven market. Other local amenities within walking distance or a short drive include High Street, multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital. This property is also available as part of a larger portfolio. See marketing flyer via Links section or Brochures & Other Documents.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

10

PRICE/UNIT

$78,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units/10 Beds | 9 Min. Walk to University

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,809 SF

ZONING

-

APN/PARCEL ID

12-20-00590000

ASK ABOUT THIS PROPERTY

David Lorenze, CCIM, SIORBlack Diamond RealtyMore Info
304-685-3092

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David Lorenze, CCIM, SIORBlack Diamond RealtyMore Info
304-685-3092

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