289 Wiles Street, Morgantown, WV 26505

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List Price
$325,000
Status
ACTIVE
Days on Market
128
MLS#
10165059
Style
Traditional
Year Built
1926
Living Area
1,860

Property Description

LEASED, FULLY RENOVATED PROPERTY (Completed in 2024) FOR SALE! Prime investment opportunity located just one block from the WVU Downtown Campus! 289 Wiles Street is a beautifully renovated 5-bedroom, 3.5-bath property offering immediate cash flow with a lease already in place through May 20, 2027. Currently generating $3,435/month in rental income, with the owner providing a $500 monthly utility allowance and tenants responsible for any overages. This spacious home has undergone extensive updates, including new siding, new roof, central air installation, updated kitchen and baths, and all-new LVP flooring throughout. The flexible layout offers excellent rental appeal, including a private third-floor suite with its own full bath and a dedicated washer/dryer. An additional washer and dryer are conveniently located on the main level, near the living room and large eat-in kitchen. Enjoy outdoor space from the welcoming front porch, along with convenient street parking. Ideal for investors seeking a turn-key income-producing property or for parents looking to purchase for their WVU student in a high-demand rental location near WVU, restaurants, shopping, and downtown amenities. Tenants need a 24-hour notice for showings.

Additional Information

Amenities
Library, Other, Public Transportation
Interior Features
Electric Dryer Connection, Other, Washer Connection
Exterior Features
Porch
HOA Fee
$1,237
Property Description
Traditional
Zoning
Neighborhood Mix Use
Flooring
Luxury Vinyl Plank, Wall-to-Wall Carpet
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Heating
Electric
Air Conditioning
Central Air, Electric
Exterior Construction
Block, Frame
Exterior Features
Vinyl
Stories
3
Roof
Shingles
Foundation
Block
Parking
Street Parking
Elementary School
Eastwood Elementary
Middle School
Mountaineer Middle
High School
University High
View
City Lights, Neighborhood

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of DESTINY SYLVESTER with BEL-CROSS PROPERTIES, LLC