2457 4th Ave - Offering-39 Single Family Residential Homes 50,000 SF Specialty Building Offered at $1,300,000 in Huntington, WV 25703
INVESTMENT HIGHLIGHTS
- Portfolio of 36 Single Family Residential Homes for Sale and Three Vacant Lots.
- Upside Potential for New Ownership to Rehab Some of the Units to Increase Rents.
- Many Contiguous Lots and Corner Parcels--Excellent Future Development Potential.
- Huntington Shows Strong and Consistent Residential Demand.
- Perfect Opportunity to Solidify Ownership in an Entire Section of the City.
- Convenient to Hal Greer Blvd, Route 60, and Interstate 64.
EXECUTIVE SUMMARY
This offering includes 39 single family rental homes in the heart of Huntington's residential sector. 30 of the assets are currently operational and are currently producing or able to produce a cumulative rental income of $23,785 per month. Nine of the properties have varying degrees of necessary repairs ranging from simple bathroom renovation and fixture replacement to drywall and flooring replacement. Those properties represent a potential combined rental income of $11,050 per month. The overall amount of investment towards the properties will determine the potential rental income. Please see the marketing brochure for complete details on the offering.
PROPERTY FACTS Under Contract
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Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,760 | |
| Land Assessment | $14,640 | Total Assessment | $17,400 |
