409 McLane Avenue
Property Description
Four-unit investment property ideally positioned in Morgantown's Sunnyside neighborhood, centrally located between WVU's Downtown and Evansdale campuses. Each of the four units offers a consistent 2-bedroom, 2-bath layout with an in-unit washer and dryer, while ample off-street parking adds an important advantage in this campus-area location. All four units are currently leased into 2027, providing established income from day one. Tenants are responsible for their individual utilities, with garbage service paid by the property owner. The current owners have completed a number of improvements in recent years, including interior painting, updated flooring, select appliances, HVAC equipment, and laundry equipment. Built in 2001, the property offers a newer alternative to much of the surrounding campus-area multifamily inventory and includes two adjoining parcels. Convenient to both WVU campuses, downtown Morgantown, dining, shopping, entertainment, healthcare, and public transportation. A well-located, income-producing multifamily property with a practical unit configuration in one of Morgantown's established rental areas. Valid Letter of Compliance from City of Morgantown Code Enforcement through June 2028.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $449,000 |
| No. of Units: | 4 |
| Year Built: | 2001 |
| Lot Size: | 4,608.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $112,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 8 |
ID: 3yd-NCWVREIN-10167021
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