320 Watts Street
Property Description
Discover a distinctive six-unit multifamily opportunity in Morgantown's South Park Historic District. Located at 320 Watts Street, this well-maintained property combines neighborhood character with the flexibility of an established rental history that includes standard long-term leases and furnished short- and mid-term stays through Airbnb and Furnished Finder. A future owner has the flexibility of pursuing a long-term, furnished, or blended rental strategy. The apartments range from approximately 600 to 900 square feet and offer a variety of layouts and features. Each unit includes essential appliances, while select units feature in-unit laundry, dishwashers, and stainless steel appliances. Existing furnishings and household items associated with the furnished rental operation convey, providing a substantial advantage for a buyer wishing to continue offering equipped, move-in-ready accommodations. Abundant off-street parking - a rare feature in this area - adds convenience for tenants and guests, while generous storage space supports property operations. Additional highlights include a newer roof (replaced in 2022) and a current City of Morgantown Letter of Compliance valid through May 2029. Convenient to downtown Morgantown, WVU, healthcare facilities, local employers, dining, shopping, and recreation, the location supports demand from long-term residents, university-affiliated renters, traveling professionals, relocating households, and visitors. With six units and multiple potential income streams, this property offers an appealing opportunity in the Morgantown rental market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $699,000 |
| No. of Units: | 6 |
| Year Built: | 1930 |
| Lot Size: | 4,800.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $116,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 6 |
ID: 3yd-NCWVREIN-10165910
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
505-505 1/2 Harrison Street
Newell, West VirginiaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout