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12-Unit Apartment Building + Office 32 Baird St

12 Unit Block of Flats £1,470,769 (£122,564/Unit) Morgantown, WV 26505

Investment Highlights

  • 12-Minute Walk to WVU's Downtown Campus
  • Newly Renovated
  • 13 Off-Street Parking Spaces
  • 13 Units
  • In-Unit Laundry

Executive Summary

Black Diamond Realty is pleased to present to qualified buyers, a three-story student housing portfolio on 0.2 (+/-) acre in Morgantown, WV. The building is comprised of 12 apartments including 11, 2-bedroom, 2-bathroom apartments, one, 1-bedroom, 1-bathroom apartment and one office with kitchenette. The building is situated 0.5 mile (12 minute walk) from the Mountainlair and West Virginia University's Downtown Campus.
The property is located inside the city limits of Morgantown and is within walking distance to many amenities including West Virginia University’s Downtown Campus, the PRT, shopping and more. The property is positioned roughly 2.6 miles from I-79, Exit 152, 3.1 miles from I-68, Exit 4 and 4.1 miles from I-68, Exit 7.
Built in 2009, the subject property consists of one, three-story apartment building containing 12 apartments and one office on 0.20 (+/-) acre. There are 11, 2-bedroom, 2-bathroom apartments, one, 1-bedroom, 1-bathroom apartment and one office with kitchenette. The building is masonry construction with cement board siding and a composition, shingle roof. Windows are thermal and HVAC is FA/CAC (electric heat pumps). Security Cameras are located around the property to provide 24/7 surveillance of property.
Recent exterior improvements include a new roof (Summer 2023), new exterior doors on all units with keyless entry and new siding and stone on the first floor exterior. 
Interior features include drywall walls and ceilings, wood doors and trim, fibreglass tubs/showers and carpet or resilient flooring. Recent improvements include new LVP scratch and waterproof flooring or new tiling and new granite counter tops in all kitchens. Each unit provides in-unit laundry with stackable washer and dryers and oversized closets for ample storage. The building’s crawl spaces have also been fully insulated with a water vapor barrier to properly ensure no moisture penetrates the first floor units.

Property Facts

Price £1,470,769
Price Per Unit £122,564
Sale Type Investment
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.20 AC
Building Size 15,000 SF
Number of Floors 3
Year Built 2009
Parking Ratio 0.87/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 1 - 625
2+2 11 - 825
Walk Score ®
Very Walkable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-26-02840000
Land Assessment
£329
Improvements Assessment
£0
Total Assessment
£329

zoning

Zoning Code B-2 Service Business
B-2 Service Business
  • Listing ID: 32917609

  • Date on Market: 22/08/2024

  • Last Updated:

  • Address: 32 Baird St, Morgantown, WV 26505

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