Unleash the Potential: Multi-Unit Investment Opportunity in Elkins, WV
Attention investors and real estate enthusiasts! Nestled in the heart of Elkins, West Virginia, an exciting investment opportunity awaits at 122 S Randolph Ave. Priced to sell at just $89,000, this multi-unit property is a diamond in the rough, ready for a savvy investor to unlock its full potential.
This two-story building features four distinct units, each with its own unique layout and potential for rental income. Here’s a closer look at what this property has to offer:
**Unit Breakdown:**
- **Unit One:** A spacious 4-bedroom, 1.5-bathroom unit currently Vacant
- **Unit Two:** 2-bedroom, 1-bathroom unit spanning 368 sq ft., currently vacant and located upstairs.
- **Unit Three:** A compact 1-bedroom, 1-bathroom unit covering 127 sq ft., also vacant.
- **Unit Four:** Another bedroom, 1-bathroom unit identical in size to Unit Two (368 sq ft.), and vacant as well.
This fixer-upper presents an excellent opportunity for tho1 se willing to roll up their sleeves and put in the work. While it requires extensive cleaning, repairs, and updates, the property’s potential for significant income generation is undeniable. The building sits on a desirable lot in Elkins and includes an adjacent lot used for tenant parking – a valuable amenity that enhances its appeal.
The current state of the property means that it is being sold strictly as-is. However, with the right vision and effort, this multi-unit building can be transformed into a profitable asset. Imagine revitalizing these units into modern, comfortable living spaces that attract tenants seeking affordable housing options in Elkins.
The location itself adds to the property's allure. Elkins is known for its scenic beauty and vibrant community life. The town offers a mix of cultural attractions, outdoor activities, and educational institutions like Davis & Elkins College. This makes it an appealing destination for renters ranging from students to professionals and families.
Investors looking for their next project will find this property particularly enticing due to its low entry price combined with high potential returns. The vacant units provide immediate opportunities for renovation without disrupting existing tenants. This allows for phased improvements that can gradually increase rental income as each unit is brought up to standard.
It’s important to note that there are no seller disclosures available since the seller has never lived on the property. Prospective buyers should be prepared to conduct thorough inspections and assessments to understand the full scope of work required.
If you’re ready to take on this challenge and transform this multi-unit building into a lucrative investment, don’t hesitate to schedule a viewing today! Listed by Real Broker LLC and broker Bernard Pudimott with John & Jodi Calkins as your real estate agents – call them now to explore this promising opportunity.
In conclusion, 122 S Randolph Ave represents more than just a piece of real estate; it’s a canvas waiting for an investor’s touch. With determination and strategic planning, this property can become a cornerstone of your investment portfolio while contributing positively to the housing market in Elkins.
Seize this chance to make your mark in the real estate industry – contact John & Jodi Calkins today!
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