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1389 University Ave
Morgantown, WV 26505
Apartments · Multifamily Property For Sale · 26 Units
Investment Highlights
- Close to WVU campus, well maintained, clean and secure.
- Concrete and reinforce steel building
- Lots of natural light, close to walking trail and river (not in flood zone)
PROPERTY FACTS
| No. Units | 26 | Building Size | 40,000 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1960/2005 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.24 AC |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2005 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Ceiling Fans
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Furnished Units Available
- Trash Pickup - Curbside
- Walking/Biking Trails
- Wi-Fi
- Community-Wide WiFi
- Grocery Service
- Maintenance on site
About 1389 University Ave , Morgantown, WV 26505
It is located in downtown section of Morgantown, and is 5 minutes walk to the town night life section and to the class room of West Virginia University (WVU). No driving to downtown classes needed. It is 5 minutes walk to 2 WVU's Personal Rapid Transit (PRT) stations. Prime locations for student housing. Most units are furnished. There is a coin-op laundry mat and lobby with Wi-Fi on the street level. A 10,000 (lower level) is currently occupied by a grocery store (owned by the building owner). It includes an additional owner use office which is converted from a 2 bedroom unit and has a kitchen. Building was built in 1960 with concrete and reinforce steel beams. It was completely renovated to apartment in 2006. As required by Morgantown Housing Codes that the apartments are periodically required to be inspected and meet the fire and safety codes.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $849.00 | - |
| 2+2 | 13 | $1,098 | - |
| 3+3 | 1 | $1,857 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $371,880 | |
| Land Assessment | $367,200 | Total Assessment | $739,080 |
PROPERTY TAXES
zoning
| Zoning Code | B4 (General Business District) |
| B4 (General Business District) |
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