678 Spruce St - Apartments FOR SALE


Morgantown, WV 26505- Downtown Morgantown
$2,995,000 USD
304-413-4350
678 Spruce St, Morgantown, WV for Sale
$2,995,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

678 Spruce St
Morgantown, WV 26505
Downtown Morgantown


HIGHLIGHTS

  • 100% Leased
  • Walking Distance (4 minutes) to West Virginia University's Main Campus
  • 16 Units/40 Beds
  • Off-Street Parking

OVERVIEW

Black Diamond Realty is pleased to present this student housing investment portfolio consisting of seven conventional style homes converted into student housing on 0.78 (+/-) acre. The seven buildings combined include 16 apartments (40 total beds) of varying sizes. The assets are situated less than a four minute walk to West Virginia University's Mountainlair, University Avenue and ten minute walk to the Beechurst Ave PRT. The subject property is conveniently located near many amenities within walking distance to the downtown Campus, High Street and multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus, Ruby Memorial Hospital, WVU stadium, additional restaurants, shopping, and more.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

16

PRICE/UNIT

$187,188

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seven Building Student Housing Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

Yes

APN/PARCEL ID

13-26-01980000

ASK ABOUT THIS PROPERTY

Kim Licciardi, CCIM, SIOR-MABlack Diamond RealtyMore Info
304-413-4350

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Kim Licciardi, CCIM, SIOR-MABlack Diamond RealtyMore Info
304-413-4350

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