612 Protzman Street, Morgantown, WV 26505

$7,750,000
53,976
SqFt

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List Price
$7,750,000
Status
ACTIVE
Days on Market
12
MLS#
10167686
Style
Other
Year Built
2013
Living Area
53,976
Acres
1.50

Property Description

Rare commercial investment opportunity in the heart of Morgantown! Built in 2013/14, this high performing 87 unit multifamily complex offers the ultimate student living experience just a ten minute stroll from West Virginia University's downtown campus. Spanning four adjacent buildings within a single cohesive community, the property features a unit mix consisting of 79 one-bedroom/one-bathroom units and 8 two-bedroom/two-bathroom units, all equipped with convenient in unit washers and dryers. The portfolio includes 36 one bedroom units at 612 Protzman Street, 24 one bedroom units at 7 Glenn Street, 16 one bedroom units at 3 Glenn Street, and 11 total units at 508 Protzman Street, which houses the 8 two bedroom layouts alongside 3 one bedroom units. Furthermore, 508 Protzman features an on site fitness room that presents immediate value add potential for conversion into an additional income producing studio apartment. Complete with off street parking for every single bedroom, this turnkey asset delivers exceptional location, strong tenant appeal, and outstanding revenue generation.

Additional Information

Amenities
Other
Interior Features
Electric Stove Connection, Electric Dryer Connection, Other
Exterior Features
Sprinkler System, Other
HOA Freqency
Partial
Property Description
Other
Zoning
General Commercial
Flooring
Other, Laminate, Luxury Vinyl Plank
Appliances
Other
Heating
Central Heat, Forced Air, Electric
Air Conditioning
Ceiling Fan(s), Central Air, Electric
Exterior Construction
Frame
Exterior Features
Vinyl, Other
Stories
4
Roof
Shingles
Foundation
Concrete, Other
Parking
Off-Street Parking, Other
Elementary School
Brookhaven Elementary
Middle School
Mountaineer Middle
High School
Morgantown High
View
City Lights, Other

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Listing courtesy of ANTHONY DiMATTEIS with BLUE SKY REALTY, LLC