511 Grant Ave Morgantown, WV 26505-0526
Property profile & analytics
511 Grant Ave Morgantown, WV 26505-0526
- Garden apartment buildings
- 2,560 SF
- 0.14 lot acres
Property ID
US94-0065306
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Morgantown
- County
- Monongalia
- State
- West Virginia
- Longitude
- -79.9598
- Latitude
- 39.6418
- CBSA code
- 34060
- CBSA name
- MORGANTOWN, WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,488
$34,920
$135,660
$170,580
-
$58,200
$226,100
$284,300
