Industrial/Multifamily Investment Building | 18 Cleveland Ave
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Industrial/Multifamily Investment Building 18 Cleveland Ave
4 Unit Apartment Building $348,500 ($87,125/Unit) 11.01% Cap Rate Westover, WV 26501
Investment Highlights
- OFF-STREET PARKING
- SOME UPGRADES
- WALKING DISTANCE TO WVU’S MAIN CAMPUS
Executive Summary
Black Diamond Realty is pleased to present 18 Cleveland Avenue, a industrial warehouse/multifamily investment property consisting of five total units which are 100% leased. The warehouse/industrial/office space is comprised of 3,408 (+/-) square feet of unfinished space.
The warehouse space is leased by landlord.
The subject property is situated within walking distance to WVU's main campus, or a short bus/car ride. This asset is close to many amenities including shopping, retail and restaurants and are convenient to many top Morgantown employers and residents.
The entire exterior of the building was painted in August 2024.
The warehouse space is leased by landlord.
The subject property is situated within walking distance to WVU's main campus, or a short bus/car ride. This asset is close to many amenities including shopping, retail and restaurants and are convenient to many top Morgantown employers and residents.
The entire exterior of the building was painted in August 2024.
Property Facts
| Price | $348,500 | Apartment Style | Low Rise |
| Price Per Unit | $87,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 11.01% | Building Size | 6,816 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.73/1,000 SF |
| Price | $348,500 |
| Price Per Unit | $87,125 |
| Sale Type | Investment |
| Cap Rate | 11.01% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 6,816 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.73/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 19-7-01960000 | Improvements Assessment | $67,680 |
| Land Assessment | $25,980 | Total Assessment | $93,660 |
PROPERTY TAXES
Parcel Number
19-7-01960000
Land Assessment
$25,980
Improvements Assessment
$67,680
Total Assessment
$93,660
-
Kim Licciardi, CCIM -
David Lorenze, CCIM -
Mark Nesselroad -
Black Diamond Realty
(304) 413-4350
x123
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Industrial/Multifamily Investment Building | 18 Cleveland Ave
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