Apartment Devlopment - Owner Financing FOR SALE


Morgantown, WV
$2,500,000 USD
732-800-1242
, Morgantown, WV for Sale
$2,500,000 USD
FOR SALE
1/7
null | 12% Cap Rate

Apartment Devlopment - Owner Financing
Morgantown, WV


HIGHLIGHTS

  • Location next to WVU
  • Huge demand area for student housing and studio apartment

OVERVIEW

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.

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Himan BhatiaHotelM 1400 SaratogaMore Info
732-800-1242

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Himan BhatiaHotelM 1400 SaratogaMore Info
732-800-1242

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