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10 Units/10 Beds | 9 Min. Walk to University 101 McLane Ave 10 Unit Apartment Building $785,000 ($78,500/Unit) Morgantown, WV 26505
INVESTMENT HIGHLIGHTS
- Off-Street Parking
- Income Producing
- 9 Minute Walk to WVU's Downtown Campus
- Portfolio Purchase Options
EXECUTIVE SUMMARY
Located just steps from West Virginia University’s Downtown Campus, 101 McLane Avenue presents a prime opportunity to own a student housing asset in one of Morgantown’s most sought-after rental markets. This 5,293 (+/-) square-foot, three-story building features ten one-bedroom units, offering tenants a private and comfortable living experience within walking distance to WVU, shopping, dining, and entertainment.
The property includes off-street parking, a major convenience for residents in this central location. With strong occupancy history and steady demand from the student population, 101 McLane Avenue is a turn-key investment with immediate income potential and long-term upside in a proven university-driven market. Other local amenities within walking distance or a short drive include High Street, multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital.
This property is also available as part of a larger portfolio. See marketing flyer via Links section or Brochures & Other Documents.
The property includes off-street parking, a major convenience for residents in this central location. With strong occupancy history and steady demand from the student population, 101 McLane Avenue is a turn-key investment with immediate income potential and long-term upside in a proven university-driven market. Other local amenities within walking distance or a short drive include High Street, multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital.
This property is also available as part of a larger portfolio. See marketing flyer via Links section or Brochures & Other Documents.
PROPERTY FACTS
| Price | $785,000 | Building Class | C |
| Price Per Unit | $78,500 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $785,000 |
| Price Per Unit | $78,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 12-20-00590000 | Improvements Assessment | $104,100 |
| Land Assessment | $58,200 | Total Assessment | $162,300 |
PROPERTY TAXES
Parcel Number
12-20-00590000
Land Assessment
$58,200
Improvements Assessment
$104,100
Total Assessment
$162,300
CONTACTS
-
David Lorenze, CCIM, SIOR -
Caleb Wooldridge -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
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10 Units/10 Beds | 9 Min. Walk to University | 101 McLane Ave
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