1493 University Ave - Specialty FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$1,345,000 USD
304-685-3092
1493 University Ave, Morgantown, WV for Sale
$1,345,000 USD
Specialty - FOR SALE
1/34
null | Request Cap Rate

1493 University Ave
Morgantown, WV 26505
Downtown Morgantown


HIGHLIGHTS

  • Turn-Key Property
  • Extensively Renovated
  • Updated Commercial Kitchen
  • New Plumbing
  • Walkable Access to Campus Life
  • Sprinkler System

OVERVIEW

With its unbeatable campus-front location and thoughtfully curated living experience, 1493 University Avenue stands out as a premier student housing opportunity. This 33-bed, four story property was designed for maximum appeal and minimal hassle. The property delivers the kind of consistent rental performance investors seek. Its inviting common areas, upgraded amenities, and walkable access to campus life make it a favorite among students. This turn-key property blends historic charm with modern functionality, making it a rare and valuable investment in one of Morgantown’s most sought-after locations. The subject property provides practically direct access to the Mountain Line bus stop along University Avenue. Along Beechurst Avenue there is a daily traffic count of 23,194 vehicles. Source: ©2024 Kalibrate Technologies (Q4 2024).

FOR SALE DETAILS

PRICE

$1,345,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

33 Beds | Student Housing / Re-Development

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

-

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-2

APN/PARCEL ID

11-26-00310000

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.