Approved Redevelopment Opportunity – Studio Apartment Conversion Near WVU
Prime redevelopment opportunity in Morgantown, WV, adjacent to West Virginia University! This property features 50 guest rooms with kitchenettes, fully approved for conversion into modern studio apartments.
Investment Highlights:
Developer-Friendly Opportunity – Perfect for developers or investors; seller financing available.
Renovation & Conversion – Approved plan to convert 50 existing guest rooms into high-demand studio apartments.
Rental Income Potential – Lease-up strategy in place to generate consistent cash flow.
Financing Options – Once stabilized, the property qualifies for $2.5MM financing, maximizing long-term returns.
Complete Ownership – Includes land, building, and business, offering a valuable real estate and operational asset.
This is a high-growth investment in a sought-after rental market. Don't miss out on this turnkey redevelopment opportunity!
?? Contact: Himan 732-800-1242 for more details.