Property History
Property Type
Property Type
Marketing Description
NKF Capital Markets Group is pleased to exclusively present the opportunity to purchase Pineview Apartments in Morgantown, WV. This 101 unit multifamily property also contains 7 commercial units and is situated on 4.0 acres. The offering also includes an 18,000SF Office building containing a fitness center and indoor pool available to residents.
Located within close proximity to Mon General Hospital, Mylan, WVU Hospital, Mountaineer Field and WVU’s Evansdale Campus, tenants are able to live near the main employers in the area and have access to shopping and restaurants within a short drive. All electric units, fully equipped kitchens, off street parking, individual A/C units and stackable washers/dryers in select units.
This is an exceptional value add opportunity with huge upside in raising occupancy back to historical levels. In addition, redevelopment potential is exceptional with land sale comps exceeding $1.7M per acre in the immediate area.
OFFERS DUE NOVEMBER 15, 2017
Investment Highlights
- EXCELLENT VALUE ADD OPPORTUNITY
- IRREPLACEABLE LOCATION - IDEALLY SITUATED AT THE ENTRANCE TO MON GENERAL HOSPITAL.
- RECENT CAPITAL IMPROVEMENTS - INCLUDING NEW HVAC, KITCHEN UPDATES AND WINDOW REPLACEMENTS.
- REDEVELOPMENT OPPORTUNITY – 4.00 ACRES OF PRIME LAND
- FITNESS CENTER AND INDOOR POOL
- ADDITIONAL 51 UNIT PROPERTY ALSO AVAILABLE – CONTACT BROKER FOR DET
Loan History
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Tax History
Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Charles Krushansky
•••.•••.5289
••••••nsky@•••••••-••••••.com
Map
Comparable Properties
Rental Market Overview
This rental data is based on the nearest market to this property: Morgantown, WV.
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Morgantown, WV (nearest market)
Uniontown, PA
California, PA
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