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Apartment Devlopment - Owner Financing 2 Properties Offered at $3,489,800 CAD in Morgantown, WV
INVESTMENT HIGHLIGHTS
- Location next to WVU
- Huge demand area for student housing and studio apartment
EXECUTIVE SUMMARY
Approved Redevelopment Opportunity – Studio Apartment Conversion Near WVU
Prime redevelopment opportunity in Morgantown, WV, adjacent to West Virginia University! This property features 50 guest rooms with kitchenettes, fully approved for conversion into modern studio apartments.
Investment Highlights:
Developer-Friendly Opportunity – Perfect for developers or investors; seller financing available.
Renovation & Conversion – Approved plan to convert 50 existing guest rooms into high-demand studio apartments.
Rental Income Potential – Lease-up strategy in place to generate consistent cash flow.
Financing Options – Once stabilized, the property qualifies for $2.5MM financing, maximizing long-term returns.
Complete Ownership – Includes land, building, and business, offering a valuable real estate and operational asset.
This is a high-growth investment in a sought-after rental market. Don't miss out on this turnkey redevelopment opportunity!
?? Contact: Himan 732-800-1242 for more details.
Prime redevelopment opportunity in Morgantown, WV, adjacent to West Virginia University! This property features 50 guest rooms with kitchenettes, fully approved for conversion into modern studio apartments.
Investment Highlights:
Developer-Friendly Opportunity – Perfect for developers or investors; seller financing available.
Renovation & Conversion – Approved plan to convert 50 existing guest rooms into high-demand studio apartments.
Rental Income Potential – Lease-up strategy in place to generate consistent cash flow.
Financing Options – Once stabilized, the property qualifies for $2.5MM financing, maximizing long-term returns.
Complete Ownership – Includes land, building, and business, offering a valuable real estate and operational asset.
This is a high-growth investment in a sought-after rental market. Don't miss out on this turnkey redevelopment opportunity!
?? Contact: Himan 732-800-1242 for more details.
DATA ROOM Click Here to Access
- Miscellaneous
PROPERTY FACTS
| Price | $3,489,800 CAD | Status | Active |
| Price / SF | $49.85 CAD / SF | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 1 |
| Cap Rate | 12% | Total Building Size | 70,000 SF |
| Sale Type | Investment | Total Land Area | 9.02 AC |
| Price | $3,489,800 CAD |
| Price / SF | $49.85 CAD / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 12% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 70,000 SF |
| Total Land Area | 9.02 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Hotel M Morgantown - WVU Area
1400 Saratoga Ave, Morgantown, WV 26505 |
Hospitality | 70,000 SF | 1965 | $3,071,024 CAD |
| 1400 Saratoga Ave, Morgantown, WV 26505 | Land | 4.50 AC | - | - |
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HotelM 1400 Saratoga
Apartment Devlopment - Owner Financing
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