CAVALIER APARTMENTS
1434 6th Ave.
Huntington, WV 25701
Price: $1,295,000
12 Units | 7.43% Cap
Investment Highlights:
Charles Hart Multifamily Group is pleased to present Cavalier Apartments, a 12-unit community located in Huntington, WV. The property is comprised of one residential building nestled on a quarter acre. Cavalier Apartments provides an excellent opportunity to acquire a stable, well-located asset, with very little deferred maintenance and upside potential through continued unit renovations and a more hands-on management approach.
Cavalier Apartments consists of one- and two-bedroom units with up to 825 square feet of living space. All units feature a range, refrigerator and individually controlled heat and air conditioning. Renovated units feature a fully equipped kitchen with dishwasher and built-in microwave, new cabinetry, granite countertops, tile backsplash, stainless steel appliances, and luxury vinyl or tile flooring. Select units have a utility closet with a washer/dryer. The units are all electric, which the tenant is responsible for paying. Currently the owner pays for water/sewer and trash removal. Community features include off-street parking and a laundry room.
New ownership will inherit a turnkey investment, benefiting from recent capital improvements and high-end renovations in 7 of the 12 units. These upgrades are designed to capture the demand for premium units on campus – including medical and graduate students. Beyond the physical improvements, a significant opportunity exists to implement a utility bill-back program for water costs which are in line with submarket trends, offering a path to increase Net Operating Income with little effort.
Cavalier Apartments are being offered free and clear of existing debt.
Location Highlights:
The property is conveniently located in Huntington just minutes from Marshall University (10,000+ enrolment). The property sits within blocks of the new business and cyber-security schools and is one mile from the Marshall University Medical Center. The property’s location provides tenants with easy access to all the area’s education, employment, and dining options. Additionally, the property is within minutes from Interstate-64.
Cavalier Apartments Offering Documents
Please read the confidentiality agreement and buyer registration before filling out the form to view additional offering materials.
CHARLES HART REAL ESTATE MULTIFAMILY GROUP
HOME OPPORTUNITIES CLOSED TRANSACTIONS ABOUT ADVANTAGE CONTACT
Confidentiality and disclaimer agreement: The information contained in the following is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Charles Hart Real Estate LLC and should not be made available to any other person or entity without written consent of Charles Hart Real Estate LLC. Marketing Brochures have been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in a given subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Charles Hart Real Estate LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the Presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in a Marketing Brochure has been obtained from sources we believe to be reliable, however, Charles Hart Real Estate LLC has not verified, and will not verify, any of the information contained herein, nor has Charles Hart Real Estate LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
Listing disclaimer: Charles Hart Real Estate LLC is not affiliated with, sponsored by, or endorsed by any commercial tenant or lease identified in this marketing brochure. The presence of any corporation logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by said corporation and Charles Hart Real Estate LLC or any of its agents and is solely included for the purpose of providing information about a listing to prospective customers.
