This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
201 Mohican Ln
Mount Hope, WV 25880
Cranberry Woods · Multifamily Property For Sale · 175 Units
Investment Highlights
- True 7.00% + Cap Rate on Current NOI
- Limited Competition with No New Construction Coming Online
- Attractive Amenities Package with Light Value-Add Opportunities
- Proximity to Retail & Outdoor Attractions
PROPERTY FACTS
No. Units | 175 | Building Size | 201,700 SF |
Property Type | Multifamily | Average Occupancy | 96% |
Property Subtype | Apartment | No. Stories | 2 |
Apartment Style | Garden | Year Built | 1995 |
Building Class | B | Parking Ratio | 1.81/1,000 SF |
Lot Size | 23.44 AC |
No. Units | 175 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 23.44 AC |
Building Size | 201,700 SF |
Average Occupancy | 96% |
No. Stories | 2 |
Year Built | 1995 |
Parking Ratio | 1.81/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Clubhouse
- Playground
- Tennis Court
- Basketball Court
- Pond
About 201 Mohican Ln , Mount Hope, WV 25880
Sweetwater Capital is pleased to present Cranberry Woods Apartments: a 175 unit, gardenstyle, multifamily community located in Mount Hope, West Virginia. Built in two phases (1995 and 2001), Cranberry Woods has a total of fifty-two buildings on-site. A beautifully maintained property located minutes from major interstates I-64 and I-77, Cranberry Woods is a short drive from the City of Beckley and less than 40 miles southeast from the bustling state capital of Charleston. New ownership will have the opportunity to acquire a stabilized asset that is positioned to exceed typical required rates of return and continue to attract tenants that seek high-end housing in a thriving market of West Virginia. Cranberry Woods’ ideal location off I-64 and I-77 places this asset less than 2 miles from 50+ prominent retail stores within Crossroads Mall, including Dick’s Sporting Goods, Belk, Sears, Pet Smart, and other stand-alone national retail chains. The commercial district in Beckley, 3 miles from Cranberry Woods, is a cluster of nationally recognized, big-box retailers, including Walmart, Lowe’s, Sam’s Club, Kroger, Food Lion, Big Lots, Staples and TJ Maxx.
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 8 | $732.00 | 800 |
2+1 | 20 | $886.50 | 900 |
2+2 | 103 | $945.00 | 1,100 |
3+2 | 44 | $1,114 | 1,400 - 1,500 |
Links
PROPERTY TAXES
Parcel Number | 11-18-00400000 | Improvements Assessment | $4,704,780 |
Land Assessment | $571,680 | Total Assessment | $5,276,460 |
PROPERTY TAXES
zoning
Zoning Code | R-1 (MF) |
R-1 (MF) |
Learn More About Investing in Apartment Buildings
Listing ID: 19399055
Date on Market: 5/1/2020
Last Updated:
Address: 201 Mohican Ln, Mount Hope, WV 25880
The Multifamily Property at 201 Mohican Ln, Mount Hope, WV 25880 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.