525 Grant Ave - Apartments FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$1,220,000 USD
304-685-3092
525 Grant Ave, Morgantown, WV for Sale
$1,220,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

525 Grant Ave
Morgantown, WV 26505
Downtown Morgantown


HIGHLIGHTS

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

OVERVIEW

Located within walking distance of West Virginia University’s Downtown Campus, 525, 527 Grant Avenue presents a prime opportunity to own a student housing asset in one of Morgantown’s most sought-after rental markets. This 12-unit, three-story building features 12, 2-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, 525, 527 Grant 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

$1,220,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

12

PRICE/UNIT

$101,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units/24 Beds | 16 Min. Walk to University

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,709 SF

ZONING

-

APN/PARCEL ID

12-15-02170000

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.