BEDS5
BATHS3 full
SQUARE FEET2,265
MLS#10167748
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
Property Description
217 McLane Avenue | Fully Leased WVU Investment Property - Triplex Exceptional investment opportunity in a prime WVU location, conveniently situated near WVU Honors Hall and Summit Hall on the WVU campus. This well-positioned triplex offers three separate apartments, private driveway parking, and established rental income with leases extending into 2027. Over the past three years, the property has undergone renovations and improvements, offering investors an opportunity to acquire an income-producing property in a highly desirable student rental market. The property features: Apartment A: One-bedroom apartment, currently leased for $800/month through May 20, 2027. Apartment B: Two-bedroom apartment, currently leased for $1,200/month through July 22, 2027. Apartment C: Two-bedroom apartment, currently leased for $1,150/month through July 22, 2027. Shared laundry room. Shared sun porch. Driveway parking. A mix of laminate and hardwood flooring throughout the apartments. Investment Highlights: Three fully leased apartments. Current combined rental income of $3,150 per month ($37,800 annually). Established rental history in a strong WVU student rental location. Existing leases provide income stability through 2027. Convenient proximity to WVU campus and student amenities. Whether you're expanding an existing rental portfolio or entering the Morgantown investment market, 217 McLane Avenue presents an excellent opportunity to own an income-producing property in one of Morgantown's most sought-after rental areas.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Ceiling Fan(s)
Heating: Gas
Home Style: Other, Two Story
Lot Size: 0.16 Acres
Roof Type: Rolled, Shingles
Stories: 3.0
Year Built: 1921
Units
Unit: 1
Bed: 1
Full Bath: 1
Rent: $800
Unit: 2
Bed: 2
Full Bath: 1
Rent: $1200
Unit: 3
Bed: 2
Full Bath: 1
Rent: $1150
Amenities
Washer Connection
Electric Dryer Connection
Porch
Other
Screen Porch
Feature Descriptions
Basement Features: Partially Finished, Walk-Out, Interior Access, Exterior Access
Community Amenities: Public Transportation, Other
Construction: Brick, Wood
Days on Site: 4
Equipment: Smoke Detectors, Cable Available, Carbon Monoxide Detectors
Exterior: Brick
Lot Features: Corner, Level, Sloping
Parking Notes: 3+ Cars, Off-Street Parking, Street Parking
Sewer: City Sewer
Special View Info: City Lights, Neighborhood
Units: 3
Water: City Water
Local Schools
High School: Morgantown High
Middle School: Suncrest Middle
Elementary School: Suncrest Elementary
Listed By / Shown By
Listed By
Agency Name: BEL-CROSS PROPERTIES, LLC
Agent Name: DESTINY SYLVESTER
Agency Phone: 304-296-7930
Shown By
Agency Title: Picket Fences Realty, LLC
Agency Phone: (304) 367-0543
Estimate Your Payment
Estimated Payment
$ 747.62 per month $660.99 Principal & Interest $0.00 Property Tax (data not provided by mls) $86.63 Homeowner's Insurance
217 Mclane Avenue | MLS# 10167748
This multi-family property located at 217 Mclane Avenue, Morgantown, WV 26505 is currently listed for sale with an asking price of $297,000. Search Morgantown real estate on www.pfrealty.net today.