Unlock the Potential: Multi-Unit Investment Opportunity at 122 S Randolph, Elkins, WV
Attention all real estate investors! If you're on the hunt for a promising investment opportunity in Elkins, WV, look no further than 122 S Randolph. Priced at an enticing $89,000, this multi-unit property offers significant income potential for those willing to roll up their sleeves and put in some hard work. This fixer-upper is a diamond in the rough, waiting to be transformed into a profitable asset.
**Property Overview**
This two-story building houses four units, each with its own unique layout and potential:
- **Unit One**: A spacious 4-bedroom, 1.5-bath unit currently occupied by a friend of the seller. This unit provides immediate rental income and serves as a testament to the property's livability.
- **Unit Two**: A cozy 2-bedroom, 1-bath unit with 368 sq ft of space. This upstairs unit is currently vacant and ready for renovation.
- **Unit Three**: A compact 1-bedroom, 1-bath unit with 127 sq ft of space. Also vacant, this unit presents an excellent opportunity for an investor to maximize rental income with minimal space.
- **Unit Four**: Another 2-bedroom, 1-bath unit with 368 sq ft of space. Like Unit Two, this upstairs unit is vacant and ripe for revitalization.
The building sits on a desirable lot in Elkins and includes an adjacent lot used for tenant parking—a valuable amenity that enhances the property's appeal to potential renters.
**Investment Potential**
While the property requires extensive cleaning, repairs, and updates, it offers immense potential for those willing to take on the challenge. The current price reflects the need for significant work but also leaves ample room for profit once renovations are complete. With three of the four units currently vacant, this is an ideal project for an investor looking to rehab and revitalize the property for rental income.
Imagine transforming this multi-unit building into a sought-after rental property in Elkins. With strategic updates and modernizations, you can attract quality tenants and command competitive rental rates. The property's layout allows for diverse rental options—from single professionals seeking a one-bedroom unit to families needing more space in a two or four-bedroom home.
**Why Elkins?**
Elkins is a charming town known for its friendly community atmosphere and scenic surroundings. It offers residents a blend of small-town charm and modern conveniences. Investing in real estate here means tapping into a market with steady demand for rental properties. The town's proximity to outdoor recreational activities like hiking and skiing adds to its appeal for potential tenants.
**Seller's Note**
Please note that the seller is offering this property strictly "as-is." There are no disclosures available since the seller has never lived at the property. Prospective buyers should be prepared to conduct thorough due diligence and inspections to fully understand the scope of work required.
**Conclusion**
If you're ready to take on this challenge and unlock the potential of 122 S Randolph in Elkins, WV, schedule a viewing today! This multi-unit investment opportunity is priced to sell and awaits an investor with vision and determination. Don't miss out on transforming this fixer-upper into a lucrative rental property—your next profitable venture could start here.
For more information or to schedule a viewing, contact us today!
John & Jodi Calkins Realtors 304-704-0315
REAL Broker LLC. Broker Bernard Pudimott
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