Auction Information
2 Morgantown Apartment Buildings with Income Flow
Joe R. Pyle Complete Auction & Realty Service
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Multi-Family Investment Opportunity
Wednesday, April 26th 5:00PM
Registration & Inspection begins at 3:30PM
258 & 260 Canfield St
Star City, WV
PRIME INVESTMENT OPPORTUNITY – (2) 12 Unit apartment buildings located in Star City with nearly 100% occupancy rate. This significant piece of real estate offers (16) one-bedroom units and (8) two-bedroom units with a current annual income over $200,000! The buildings feature individually metered electrical services, each unit with own hot water tank, some partially updated apartments, and off-street parking for tenants. Conveniently located near University Town Center, WVU Evansdale & Downtown Campuses, I-79, Ruby Memorial Hospital, Mountaineer Field, and walking distance to bus stops. Call today for more information!
Property Overview:
Situated on 0.45 +/- Acres (as assessed)
24 Total Units – 2 Buildings
(16) One Bedroom Units – 440 +/- Sqft
(8) Two Bedroom Units – 735 +/- Sqft
Off Street Parking for Tenants
Apartments Metered Individually
All Leased Apartments Yearly Leases
Each Unit w/ Own Hot Water Tank
All Electric Facility
Newer Roof, Soffit, & Fascia
New Breaker Boxes (2019)
Offered Individually and Combination
Financials Available Upon Request
Owner Pays Water, Sewage, Garbage
Tenant Pays Electric
CURRENT ANNUAL INCOME OVER $200,000
Location Overview:
1 Mile to I-79
1/2 Mile to WVU Evansdale Campus
2 Miles to JW Ruby Hospital & Football Stadium
Close to Shopping, Restaurants, Bus Routes, & University Town Center
Subject #1: 258 Canfield Ave Star City, WV
Subject #2: 260 Canfield Ave Star City, WV
Subject #3: Property in Entirety
Assessment – Mon County:
District 17, Map 5, Parcels 70 & 71
2022 RE Taxes $11,800 Total
Directions: From I-79S, take exit 155 toward WV-7/West Virginia University, turn left onto Chaplin Hill Rd, travel 7/10ths mile continue onto US-19 S/Monongahela Blvd, travel 8/10ths mile turn right onto Canfield St. Property will be on the left.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. No financing contingencies will be entered into the contract. Any required inspections must be completed prior to bidding. Property is being sold as is, where is with no warranty written or implied.
Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation unless otherwise noted.
AGENCY DISCLOSURE: Joe R. Pyle Auction and Realty Service is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
We don't just list your property - WE SELL IT!
JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE
Joe R. Pyle, Broker
(888) 875-1599
5546 Benedum Drive Shinnston West Virginia 26431
www.joerpyleauctions.com
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