1340 4th Ave
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1340 4th Ave
40 Unit Apartment Building $1,800,000 ($45,000/Unit) 8.50% Cap Rate Huntington, WV 25701
Investment Highlights
- lucrative investment opportunity with this exceptional multi-family property
Executive Summary
Property Overview:
Discover a lucrative investment opportunity with this exceptional multi-family property located at 1340 4th Ave, Huntington, WV. This well-maintained property offers a blend of modern amenities and classic charm, making it a perfect addition to any real estate portfolio. Ideal for investors seeking steady rental income or families looking for a spacious living arrangement with additional rental units.
Property Details:
Address: 1340 4th Ave, Huntington, WV
Type: Multi-Family Residential
Number of Units: 40
Prime Location: Situated in a desirable neighborhood with close proximity to schools, shopping, dining, and public transportation.
Spacious Units: Each unit features generous living spaces, modern kitchens, and updated bathrooms.
Income Potential: High demand for rental units in this area ensures a strong rental income stream. Current rental rates are competitive with potential for increase.
Modern Amenities
Parking: Ample off-street parking available for tenants.
Investment Highlights:
Stable Occupancy: High occupancy rate with long-term tenants.
Potential for Growth: Opportunity to increase rental income through minor upgrades or renovations.
Low Maintenance: Recent updates reduce immediate need for major repairs.
Nearby Amenities:
Education: Close to reputable schools and universities.
Shopping: Minutes away from shopping centers and local boutiques.
Dining: Variety of dining options within walking distance.
Transportation: Easy access to major highways and public transportation.
Financial Information: Available upon request
Don’t miss out on this prime investment opportunity to own a multi-family property in one of Huntington’s most desirable locations. Secure your future with this valuable asset at 1340 4th Ave, Huntington, WV.
Discover a lucrative investment opportunity with this exceptional multi-family property located at 1340 4th Ave, Huntington, WV. This well-maintained property offers a blend of modern amenities and classic charm, making it a perfect addition to any real estate portfolio. Ideal for investors seeking steady rental income or families looking for a spacious living arrangement with additional rental units.
Property Details:
Address: 1340 4th Ave, Huntington, WV
Type: Multi-Family Residential
Number of Units: 40
Prime Location: Situated in a desirable neighborhood with close proximity to schools, shopping, dining, and public transportation.
Spacious Units: Each unit features generous living spaces, modern kitchens, and updated bathrooms.
Income Potential: High demand for rental units in this area ensures a strong rental income stream. Current rental rates are competitive with potential for increase.
Modern Amenities
Parking: Ample off-street parking available for tenants.
Investment Highlights:
Stable Occupancy: High occupancy rate with long-term tenants.
Potential for Growth: Opportunity to increase rental income through minor upgrades or renovations.
Low Maintenance: Recent updates reduce immediate need for major repairs.
Nearby Amenities:
Education: Close to reputable schools and universities.
Shopping: Minutes away from shopping centers and local boutiques.
Dining: Variety of dining options within walking distance.
Transportation: Easy access to major highways and public transportation.
Financial Information: Available upon request
Don’t miss out on this prime investment opportunity to own a multi-family property in one of Huntington’s most desirable locations. Secure your future with this valuable asset at 1340 4th Ave, Huntington, WV.
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $45,000 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 24,772 SF |
| Cap Rate | 8.50% | No. Stories | 2 |
| No. Units | 40 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.61/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,800,000 |
| Price Per Unit | $45,000 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 24,772 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.61/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 44 | - | 500 |
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $202,860 | |
| Land Assessment | $105,840 | Total Assessment | $308,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$105,840
Improvements Assessment
$202,860
Total Assessment
$308,700
-
Thor Meeks -
Meeks
(304) 313-6900
x101
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