Student Housing Community for Sale in Morgantown in West Virginia - Availability Details
Mountain Valley 1000 Mountain Valley Dr, Morgantown, WV 26508
- For Sale Contact for pricing
- Property Type Other
- Lot Size 24.76 SF
- Date Updated Jul 04, 2022
Student housing community for sale at 1000 Mountain Valley Drive in Morgantown, West Virginia. Mountain Valley is a 2009 construction, located on a beautiful hilltop less than two miles from the West Virginia University (WVU) campus.
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The property has 344 units/658 beds and an ideal mix of one-, two and three-bedroom units, with 100% of units having bed/bath parity. 62% of beds are unfurnished providing new ownership a unique opportunity to maximize returns by converting units to co-living apartments, implementing a value-add program (±$80/ bed renovation premiums) or by furnishing remaining units (±$25/bed furnished unit premium). Excellent student amenities at Mountain Valley include a movie theater, media center, indoor basketball court, pool and spa, sundeck, barbecue grills, fitness center and volleyball court.
Nestled in the lush green hills of Morgantown, West Virginia University is home to 25,000+ students enrolled in 355 undergraduate and 245 graduate programs. Students are attracted to WVU for the academics, sporting events, quality of life, and outdoor recreation, with first-time undergraduate enrollment increasing 5.4% between 2018 and 2021. Morgantown was also rated the #1 small city in America and the #2 best college town for jobs ensuring consistent future demand for both student housing and traditional apartments.
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- City Morgantown, WV
- Zip Code 26508