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Bridgewater Place Apartments 800 4th Ave 47 Unit Apartment Building For Sale Montgomery, WV 25136
Investment Highlights
- Fully stabilized affordable housing community with guaranteed rental income
- Garden-style layout with diverse floorplans for resident appeal
- Positioned near local employers and regional amenities for convenience
- Located in a Qualified Census Tract offering redevelopment incentives
Executive Summary
Performance Real Estate Advisors is pleased to present Bridgewater Place, a 47-unit affordable housing community located in Montgomery, West Virginia. The property operates under a long-term Option 2 Project-Based Section 8 HAP Contract, ensuring stable revenue and consistent occupancy through guaranteed rental subsidies. Bridgewater Place is a well-maintained, garden-style community offering a mix of one-, two-, and three-bedroom floorplans designed to accommodate a variety of resident needs. The property’s affordable rents and federal subsidy program provide security for both ownership and residents, while its location in a Qualified Census Tract (QCT) offers strong redevelopment and financing incentives for investors.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 47 | Lot Size | 0.91 AC |
| Property Type | Multifamily | Building Size | 44,766 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1971 |
| Sale Type | Investment |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 44,766 SF |
| No. Stories | 3 |
| Year Built | 1971 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 12 | - | - |
| 3+1 | 23 | - | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 07-1-00240000 | Improvements Assessment | $385,800 |
| Land Assessment | $94,200 | Total Assessment | $480,000 |
Property Taxes
Parcel Number
07-1-00240000
Land Assessment
$94,200
Improvements Assessment
$385,800
Total Assessment
$480,000
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Bridgewater Place Apartments | 800 4th Ave
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