98 S Walnut St | Morgantown, WV 26501
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98 S Walnut St
Morgantown, WV 26501
Multifamily Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 10,000 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1945/2013 |
| Building Class | B | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 0.90 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1945/2013 |
| Parking Ratio | 1.4/1,000 SF |
ABOUT 98 S WALNUT ST , MORGANTOWN, WV 26501
The building's new management company (Bel-Cross) has been upgrading the service quality (the reputation) and the quality of tenant. The potential rent will be increasing to approximately $135,000 annually. Also, as utilities and meters are upgraded, the goal is to have the tenant pay their own utilities...an increase of $15,000 annually. The reason the building is for sale is the owner (age 75) needs to get out from under the stress of managing real estate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | $950.00 | 900 |
| 3+1 | 3 | $1,350 | 1,000 |
| 1+1 | 1 | $675.00 | 600 |
| 3+2 | 1 | $1,350 | 1,000 |
| 2+1 | 2 | $900.00 | 900 |
PROPERTY TAXES
| Parcel Number | 10-29-03480000 | Improvements Assessment | $195,600 |
| Land Assessment | $52,380 | Total Assessment | $247,980 |
PROPERTY TAXES
Parcel Number
10-29-03480000
Land Assessment
$52,380
Improvements Assessment
$195,600
Total Assessment
$247,980
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