565 E Brockway Avenue, Morgantown, WV 26501

$223,800
1,773
SqFt

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List Price
$223,800
Status
ACTIVE
Days on Market
73
MLS#
10166049
Style
Two Story
Year Built
1910
Living Area
1,773
Acres
0.14

Property Description

Rare opportunity to own a detached duplex in a highly desirable Morgantown rental market near downtown & West Virginia University. This income-producing property offers immediate cash flow with long-term tenants in place and strong rental demand. This cash flowing investment property is generating $27,600+ per year in rental income, approximately 12.3% gross income yield at this list price! Situated on 3 spacious lots, the property features a large garden area, side yard, backyard access to Pennsylvania Ave, and 3 decks/porches. Unit A spans 3 floors and includes 3 bedrooms, 1 bath with two bonus rooms. The unit features updated LVP flooring (2021), newer hot water heater (2024), and is leased through June 2027. Unit B is a 1 bedroom lower-level apartment with an updated bathroom and kitchen flooring (2025), new water heater (2026), and is leased through May 2027.Additional features include a shared basement with washer/dryer, separate electrical panels, and tenant-paid gas and electric utilities. Owner pays water and garbage. Current letter of compliance is good until August 2028. An excellent opportunity for investors seeking a turnkey rental near WVU or owner-occupants looking to offset expenses with rental income. 24-hour notice is required for all showings. Please see agent remarks.

Additional Information

Amenities
Park, Playground, Pool, Public Transportation, Other
Interior Features
Gas Stove Connection, Electric Stove Connection, Other
Exterior Features
Other
Property Description
Two Story
Zoning
Neighborhood Mix Use
Flooring
Wall-to-Wall Carpet, Luxury Vinyl Plank
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Heating
Central Heat, Baseboards, Electric, Gas
Air Conditioning
Ceiling Fan(s)
Exterior Construction
Block, Concrete
Exterior Features
Vinyl
Stories
4
Roof
Shingles
Foundation
Concrete, Block
Parking
Street Parking
Elementary School
Mountainview Elementary
Middle School
South Middle
High School
Morgantown High
View
Neighborhood

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Calculator source: Real Geeks

Listing courtesy of MINDY TATAR with SNIDER REALTY GROUP