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Burgess Student Apartment Complex 1737 6th Ave 18 Unit Apartment Building $2,590,655 CAD ($143,925 CAD/Unit) 9% Cap Rate Huntington, WV 25703



Executive Summary
Located directly on the campus of Marshall University, 1739 6th Ave presents a rare opportunity to acquire a well-positioned 18-unit multifamily asset in the heart of Huntington, WV. This property features a strong unit mix of 6 one-bedroom/one-bath units and 12 two-bedroom/two-bath units, making it highly attractive to students and young professionals alike.
The building has undergone extensive recent improvements, significantly reducing future capital expenditure needs. Upgrades include a new roof, siding, soffit, and fascia, along with modernized and automated laundry facilities. Most notably, major structural investments have been made into the staircases—one of the most costly and critical components—adding long-term value and peace of mind for ownership.
Residents benefit from ample parking options, including 19 surface parking spaces and 8 underground parking spots—an uncommon and highly desirable feature in this area.
With its prime campus location, strong unit mix, and substantial capital improvements already completed, this property is well-positioned for stable occupancy and continued income growth.
Financials are available upon request. Creative financing options may be available for well-qualified buyers.
The building has undergone extensive recent improvements, significantly reducing future capital expenditure needs. Upgrades include a new roof, siding, soffit, and fascia, along with modernized and automated laundry facilities. Most notably, major structural investments have been made into the staircases—one of the most costly and critical components—adding long-term value and peace of mind for ownership.
Residents benefit from ample parking options, including 19 surface parking spaces and 8 underground parking spots—an uncommon and highly desirable feature in this area.
With its prime campus location, strong unit mix, and substantial capital improvements already completed, this property is well-positioned for stable occupancy and continued income growth.
Financials are available upon request. Creative financing options may be available for well-qualified buyers.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,347 CAD | - |
| 1+1 | 6 | $1,032 CAD | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05-19-04510000 | Improvements Assessment | $309,402 CAD |
| Land Assessment | $65,293 CAD | Total Assessment | $374,695 CAD |
Property Taxes
Parcel Number
05-19-04510000
Land Assessment
$65,293 CAD
Improvements Assessment
$309,402 CAD
Total Assessment
$374,695 CAD
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Burgess Student Apartment Complex | 1737 6th Ave
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