511 Grant Ave Morgantown, WV 26505-0526

Property Details for 511 Grant Ave

Year built

2001

Lot size

0.14 lot acres

Property size

2,560 SF

Property type

Garden apartment buildings

APN

31-12- 15-0215.0001

APU

31121502150001

Description

This exceptional investment opportunity presents a seven-unit apartment building ideally situated in Morgantown, West Virginia. The property, located at 511 Grant Avenue, boasts 9,120 square feet on a 0.138-acre lot and is a two-story structure built in 2001. Each of the seven units offers approximately 800 square feet of living space. The building enjoys a highly desirable location, just steps from West Virginia University's main campus and the Beechurst Ave PRT, providing convenient access to the university and its vibrant community. Residents also benefit from proximity to a wide array of shopping and dining options. The property's strategic position offers easy access to major transportation arteries, including I-79 (Exit 155), I-68 (Exit 1), and I-68 (Exit 7), all within a five-mile radius. All standard public utilities, including water and sewer, are readily available. The asking price is $775,000, representing a compelling price per unit of $110,714.29 and a strong cap rate of 11.16%. The property includes off-street parking, adding further value to this attractive investment prospect. This is a rare chance to acquire a well-located, income-producing multifamily asset in a thriving college town.