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Seven Building Student Housing Portfolio 678 Spruce St 16 Unit Apartment Building £2,055,075 (£128,442/Unit) Morgantown, WV 26505
INVESTMENT HIGHLIGHTS
- 100% Leased
- 16 Units/40 Beds
- Walking Distance (4 minutes) to West Virginia University's Main Campus
- Off-Street Parking
EXECUTIVE SUMMARY
Black Diamond Realty is pleased to present this student housing investment portfolio consisting of seven conventional style homes converted into student housing on 0.78 (+/-) acre. The seven buildings combined include 16 apartments (40 total beds) of varying sizes. The assets are situated less than a four minute walk to West Virginia University's Mountainlair, University Avenue and ten minute walk to the Beechurst Ave PRT.
The subject property is conveniently located near many amenities within walking distance to the downtown Campus, High Street and multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus, Ruby Memorial Hospital, WVU stadium, additional restaurants, shopping, and more.
The subject property is conveniently located near many amenities within walking distance to the downtown Campus, High Street and multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus, Ruby Memorial Hospital, WVU stadium, additional restaurants, shopping, and more.
PROPERTY FACTS
| Price | £2,055,075 | Costar Property Class | C |
| Price Per Unit | £128,442 | Total Plot Size | 0.78 ac |
| Sale Type | Investment | Property Size | 15,920 sq ft |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Build-to-Rent | No. Floors | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | Parking Allocation | 1.07/1,000 sq ft |
| Use Class | Yes - R-3 Multifamily Residence | ||
| Price | £2,055,075 |
| Price Per Unit | £128,442 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.78 ac |
| Property Size | 15,920 sq ft |
| Average Occupancy | 100% |
| No. Floors | 2 |
| Year Built | 1925 |
| Parking Allocation | 1.07/1,000 sq ft |
| Use Class | Yes - R-3 Multifamily Residence |
AMENITIES
UNIT AMENITIES
- Fireplace
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Office
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 4+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 9+3 | 1 | - | - |
| 3+1 | 3 | - | - |
| 3+2 | 1 | - | - |
| 4+2 | 1 | - | - |
Walk Score®
Easily Walkable (85)
(304) 413-4350
x123
CONTACTS
-
Kim Licciardi, CCIM, SIOR -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
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Seven Building Student Housing Portfolio | 678 Spruce St
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