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458 High St 23 Unit Apartment Building $2,400,000 ($104,348/Unit) 6.50% Cap Rate Morgantown, WV 26505
INVESTMENT HIGHLIGHTS
- 1 block from WVU
EXECUTIVE SUMMARY
Build your portfolio with this 28-unit Commercial/Apartment Building located in Morgantown, WV. Two active commercial leases, both have main street road frontage on High St. This historical building houses 26 apartments and two bonus areas that can be converted into additional spaces. (Apartments consist of Twenty-Three 1bd/1ba units, Two 2d/1ba units, One 2bd/2ba units). As of 1/01/2025 building is 100% leased. Coin Laundry is located on the first floor for tenant usage. 458 High St is in city limits and a block from West Virginia University's Main Campus, the home of the Mountaineers. The building also comes with an active Letter of Compliance. This is a must-see if you want housing near a ranked R1 University. 26 apartments; 2 commercial spaces.
1 block from WVU
1 block from WVU
PROPERTY FACTS
| Price | $2,400,000 | Property Subtype | Apartment |
| Price Per Unit | $104,348 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 6.50% | Building Size | 13,000 SF |
| No. Units | 23 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | MU - Mixed Use | ||
| Price | $2,400,000 |
| Price Per Unit | $104,348 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 13,000 SF |
| No. Stories | 4 |
| Year Built | 1970 |
| Zoning | MU - Mixed Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 11-26-01030000 | Improvements Assessment | $356,280 |
| Land Assessment | $137,760 | Total Assessment | $494,040 |
PROPERTY TAXES
Parcel Number
11-26-01030000
Land Assessment
$137,760
Improvements Assessment
$356,280
Total Assessment
$494,040
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458 High St
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