98 S Walnut St | Morgantown, WV 26501
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98 S Walnut St
Morgantown, WV 26501
Build-to-Rent Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Property Size | 10,000 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Floors | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1945/2013 |
| Costar Property Class | B | Parking Allocation | 1.4/1,000 sq ft |
| Total Plot Size | 0.90 ac |
| No. Units | 10 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 0.90 ac |
| Property Size | 10,000 sq ft |
| Average Occupancy | 90% |
| No. Floors | 3 |
| Year Built/Renovated | 1945/2013 |
| Parking Allocation | 1.4/1,000 sq ft |
ABOUT 98 S WALNUT ST , MORGANTOWN, WV 26501
The building's new management company (Bel-Cross) has been upgrading the service quality (the reputation) and the quality of tenant. The potential rent will be increasing to approximately $135,000 annually. Also, as utilities and meters are upgraded, the goal is to have the tenant pay their own utilities...an increase of $15,000 annually. The reason the building is for sale is the owner (age 75) needs to get out from under the stress of managing real estate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 2+2 | 3 | £950.00 | 900 |
| 3+1 | 3 | £1,350 | 1,000 |
| 1+1 | 1 | £675.00 | 600 |
| 3+2 | 1 | £1,350 | 1,000 |
| 2+1 | 2 | £900.00 | 900 |
PROPERTY TAXES
| Parcel Number | 10-29-03480000 | Improvements Assessment | £146,242 |
| Land Assessment | £39,162 | Total Assessment | £185,405 |
PROPERTY TAXES
Parcel Number
10-29-03480000
Land Assessment
£39,162
Improvements Assessment
£146,242
Total Assessment
£185,405
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