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46 Parkway Pl - Parkway Place Apartments 16 Unit Apartment Building Offered at $2,750,000 at a 8.03% Cap Rate Parkersburg, WV 26104
INVESTMENT HIGHLIGHTS
- Complete renovated apartment complex
- Washer and dryers available in each building
- Spacious floorplan with modern appliances
- New parking lots
- 10x10 lockable caged storage areas for each tenant
- 100% occupied with above market rents
EXECUTIVE SUMMARY
Discover your next investment opportunity with this fully renovated 16 unit apartment complex. Featuring modern two-bedroom, one-bath units, each building has been meticulously updated from the roof down to the appliances. Enjoy the added benefit of basements with 10x10 storage rooms for extra space. This property is not only clean and well-maintained but also generates above-market rents with reliable tenants, making management a breeze. With everything fresh and new, you can say goodbye to maintenance worries and hello to a profitable investment!
PROPERTY FACTS
| Price | $2,750,000 | Property Type | |
| Price Per Unit | $171,875 | Lot Size | 5.93 AC |
| Sale Type | Investment | Building Size | 14,000 SF |
| Cap Rate | 8.03% | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1990/2025 |
| Price | $2,750,000 |
| Price Per Unit | $171,875 |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| No. Units | 16 |
| Property Type | |
| Lot Size | 5.93 AC |
| Building Size | 14,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Heating
- Range
- Basement
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,450 | - |
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PROPERTY TAXES
| Parcel Number | 04-150-00E10000 | Improvements Assessment | $137,580 |
| Land Assessment | $56,880 | Total Assessment | $194,460 |
PROPERTY TAXES
Parcel Number
04-150-00E10000
Land Assessment
$56,880
Improvements Assessment
$137,580
Total Assessment
$194,460
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46 Parkway Pl - Parkway Place Apartments
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