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Blackburn Building 471 Dallas St 4 Unit Apartment Building $700,000 ($175,000/Unit) Morgantown, WV 26505
Investment Highlights
- Walking Distance to WVU Downtown Campus and PRT System
- 6 Parking Spaces Plus Street Parking
- Multi-Unit Building
Executive Summary
Discover a prime student housing opportunity in the heart of Morgantown with this multi-unit property ideally located within walking distance of West Virginia University’s Downtown Campus. 471 Dallas Street (5,120 (+/-) square feet) offers a total of four units and 12 beds in a high-demand rental market. The property features six off-street parking spaces, a rare and valuable amenity for the area, and give tenants easy access to campus, dining, shopping, and nightlife. With strong rental potential, excellent proximity to WVU, and the stability of the student housing market, this dual-building investment is a turn-key addition to any multifamily portfolio. 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.
Property Facts
| Price | $700,000 | Building Class | B |
| Price Per Unit | $175,000 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 5,120 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 1.17/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $700,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.08 AC |
| Building Size | 5,120 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 1.17/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Tile Floors
- Double Vanities
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Views
- Carpet
- Breakfast Nook
- Deck
- Family Room
- Handrails
- Vinyl Flooring
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13-26-02760000 | Improvements Assessment | $56,640 |
| Land Assessment | $69,840 | Total Assessment | $126,480 |
Property Taxes
Parcel Number
13-26-02760000
Land Assessment
$69,840
Improvements Assessment
$56,640
Total Assessment
$126,480
Contacts
-
David Lorenze, CCIM, SIOR -
Caleb Wooldridge -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
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