If you are on the hunt for a rare large investment property opportunity, you might want to consider this West Virginia investment property for sale. This property boasts 51 apartments in the Med Center Area, located near WVU Hospital and Mon General Hospital. This location is ideal for those who work in the healthcare industry or for students and professors at West Virginia University.
The investment property is composed of three buildings, two of which were built in 1976, and one building that was built in 2014. Each building has access on Alpine St and Bishop Dr. Parking is available on Alpine St, with additional parking available on Bishop Dr. The property is well-maintained and is in an excellent location, making it an attractive investment for those looking for a stable and profitable investment.
As of November 8th, 2022, 48 of the 51 units are currently leased, bringing in an impressive $35,255 in monthly rent. This includes a variety of unit sizes, including 3-bedroom units, 2-bedroom units, 1-bedroom units with bonus rooms, and standard 1-bedroom units. Tenants are responsible for paying all of their utilities, which means you’ll have fewer expenses to worry about. Additionally, each unit comes equipped with a washer and dryer, making it an attractive option for tenants.
Investing in this West Virginia investment property for sale could be an excellent opportunity for you to generate steady rental income. The property is well-located and has a diversified tenant base, which can help protect your investment. The current leases in place provide immediate cash flow, and the potential for future rent increases could further boost your returns.
If you’re interested in learning more about this investment opportunity, it’s important to work with an experienced real estate agent or investment advisor who can guide you through the purchase process. They can help you evaluate the property’s financials, assess potential risks, and determine if this investment aligns with your investment goals. With careful research and expert guidance, you could be on your way to a profitable investment in no time.
803,807,811 Alpine Street, Morgantown, WV 26505