524 Nicholas st - Apartments FOR SALE


Rupert, WV 25984
$450,000 USD
304-667-8988
524 Nicholas st, Rupert, WV for Sale
$450,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

524 Nicholas st
Rupert, WV 25984


OVERVIEW

Discover a unique investment opportunity in the heart of charming Rupert. This expansive property boasts an impressive dual-purpose design with significant revenue potential. The ground floor features a versatile commercial space ideal for retail or service-oriented businesses, complemented by a spacious office area perfect for administrative tasks and planning. A convenient garage space adds functionality and ease. Ascend to the upper level where seven well-appointed apartments offer exceptional rental income potential. Each apartment is designed to maximize comfort with spacious layouts that attract long-term tenants seeking affordability without sacrificing convenience. Positioned centrally in town, this property benefits from high foot traffic and visibility, fostering business succes Discover a unique investment opportunity in the heart of charming Rupert, WV. This expansive property boasts an impressive dual-purpose design with significant revenue potential. The ground floor features a versatile commercial space ideal for retail or service-oriented businesses, complemented by a spacious office area perfect for administrative tasks and planning. A convenient garage space adds functionality and ease. Ascend to the upper level where seven well-appointed apartments offer exceptional rental income potential. Each apartment is designed to maximize comfort with spacious layouts that attract long-term tenants seeking affordability without sacrificing convenience. Positioned centrally in town, this property benefits from high foot traffic and visibility, fostering business success. Nearby amenities enhance its appeal to both commuters and local residents alike. Whether you're looking to expand your portfolio or embark on an entrepreneurial journey, this uniquely flexible property delivers myriad possibilities in a vibrant community setting. Don't miss out on owning a cornerstone of Rupert's thriving downtown--where commerce meets community living seamlessly under one roof!

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

7

PRICE/UNIT

$64,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

524 Nicholas St, Rupert, WV 25984

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,988 SF

ZONING

C

APN/PARCEL ID

15 504430000,15 504440000

ASK ABOUT THIS PROPERTY

Tom JohnsonColdwell Banker Stuart and WattsMore Info
304-667-8988

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Tom JohnsonColdwell Banker Stuart and WattsMore Info
304-667-8988

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