1434 6th Ave, Huntington, WV 25701

Please visit https://www.chmultifamily.com/listings-overview/cavalier or call Andy Bowen at 304-416-0310 for more information.

Charles Hart Multifamily Group is pleased to present Cavalier Apartments, a 12-unit community located in Huntington, WV. The property is comprised of one residential building nestled on a quarter acre. Cavalier Apartments provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential through continued unit renovations and a more hands-on management approach.

Cavalier Apartments consists of one- and two-bedroom units with up to 825 square feet of living space. All units feature a range, refrigerator and individually controlled heat and air conditioning. Renovated units feature a fully equipped kitchen with dishwasher and built-in microwave, new cabinetry, granite countertops, tile backsplash, stainless steel appliances, and luxury vinyl or tile flooring. Select units have a utility closet with a washer/dryer. The units are all electric, which the tenant is responsible for paying. Currently the owner pays for water/sewer and trash removal. Community features include off-street parking and a laundry room.

New ownership will inherit a turnkey investment, benefiting from recent capital improvements and high-end renovations in 7 of the 12 units. These upgrades are designed to capture the demand for premium units on campus – including medical and graduate students. Beyond the physical improvements, a significant opportunity exists to implement a utility bill-back program for water costs which are in line with submarket trends, offering a path to increase Net Operating Income with little effort.

The property is conveniently located in Huntington just minutes from Marshall University (10,000+ enrolment). The property sits within blocks of the new business and cyber-security schools and is one mile from the Marshall University Medical Center. The property’s location provides tenants with easy access to all the area’s education, employment, and dining options. Additionally, the property is within minutes from Interstate-64.

Cavalier Apartments are being offered free and clear of existing debt.