If you are looking for a rare opportunity to invest in a large property in West Virginia, then this investment property for sale might be just what you need. This investment property offers 51 apartments, located in the Med Center Area near WVU Hospital and Mon General Hospital. It consists of three buildings, two of which were built in 1976 and one in 2014. The buildings have access on both Alpine Street and Bishop Drive, and there is ample parking available on both streets.
The investment property has a lot to offer, with 48 units currently leased and bringing in $35,255 in monthly rent as of November 8th, 2022. The apartments come in various sizes, including 3-bed, 2-bed, 1-bed with bonus rooms, and 1-bed units. The tenants pay all their utilities, and there are washer and dryers in the units.
The location of the investment property is ideal for renters who work in the medical field, given its proximity to WVU Hospital and Mon General Hospital. The Med Center Area is a desirable location for many renters, and the demand for housing in the area is high. This investment property offers a great opportunity for investors to capitalize on this demand and generate significant returns on their investment.
The investment property has a lot of potential for growth, and investors can choose to increase the rent or improve the apartments to increase their value. With 51 apartments available, there is room for growth and expansion, and investors can capitalize on this to generate even greater returns.
In conclusion, this investment property for sale is a rare opportunity for investors to acquire a large property with 51 apartments in the desirable Med Center Area of West Virginia. With 48 units currently leased and bringing in $35,255 in monthly rent, this property offers significant potential for growth and expansion. The location of the property is ideal for renters who work in the medical field, and investors can capitalize on this demand to generate significant returns on their investment. Don’t miss out on this investment opportunity – contact the real estate agent today to schedule a viewing!
803,807,811 Alpine Street, Morgantown, WV 26505