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458 High St 23 Unit Apartment Building £1,805,054 (£78,481/Unit) 6.50% Net Initial Yield Morgantown, WV 26505
INVESTMENT HIGHLIGHTS
- 1 block from WVU
EXECUTIVE SUMMARY
Build your portfolio with this 28-unit Commercial/Apartment Building located in Morgantown, WV. Two active commercial leases, both have main street road frontage on High St. This historical building houses 26 apartments and two bonus areas that can be converted into additional spaces. (Apartments consist of Twenty-Three 1bd/1ba units, Two 2d/1ba units, One 2bd/2ba units). As of 1/01/2025 building is 100% leased. Coin Laundry is located on the first floor for tenant usage. 458 High St is in city limits and a block from West Virginia University's Main Campus, the home of the Mountaineers. The building also comes with an active Letter of Compliance. This is a must-see if you want housing near a ranked R1 University. 26 apartments; 2 commercial spaces.
1 block from WVU
1 block from WVU
PROPERTY FACTS
| Price | £1,805,054 | Property Subtype | Apartment |
| Price Per Unit | £78,481 | Costar Property Class | B |
| Sale Type | Investment | Total Plot Size | 0.21 ac |
| Yield | 6.50% | Property Size | 13,000 sq ft |
| No. Units | 23 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 1970 |
| Use Class | MU - Mixed Use | ||
| Price | £1,805,054 |
| Price Per Unit | £78,481 |
| Sale Type | Investment |
| Yield | 6.50% |
| No. Units | 23 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Total Plot Size | 0.21 ac |
| Property Size | 13,000 sq ft |
| No. Floors | 4 |
| Year Built | 1970 |
| Use Class | MU - Mixed Use |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- 24 Hour Access
1 1
Walk Score®
Excellent pedestrian access (91)
PROPERTY TAXES
| Parcel Number | 11-26-01030000 | Improvements Assessment | £267,960 |
| Land Assessment | £103,610 | Total Assessment | £371,570 |
PROPERTY TAXES
Parcel Number
11-26-01030000
Land Assessment
£103,610
Improvements Assessment
£267,960
Total Assessment
£371,570
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458 High St
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