The Landing at Meadow View 102 Bloomfield Dr 112 Unit Apartment Building $25,000,000 ($223,214/Unit) 6.23% Cap Rate Bridgeport, WV

The Landing at Meadow View 102 Bloomfield Dr 112 Unit Apartment Building $25,000,000 ($223,214/Unit) 6.23% Cap Rate Bridgeport, WV
 

Investment Highlights

  • Just off the Shinnston Exit of I-79 in Bridgeport,WV
  • 5 furnished one bedroom and 5 furnished two bedroom units,washer and dryer included,secured access and elevator
  • Pet friendly,yoga studio,pet wash,game room,fitness center,conferance space,swimming pool,pickle ball court,picnic area with grill and fire pit

Executive Summary

Currently under construction, projected completion date October 2023. Certificate of Occupancy for the first building will be secured 7/1/2023 with tenants moving in 7/10/2023

Financial Summary (Pro forma - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $25,000,000
Price Per Unit $223,214
Sale Type Investment
Cap Rate 6.23%
No. Units 112
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 3.32 AC
Construction Status Under Construction
Building Size 131,932 SF
No. Stories 4
Year Built 2023
Parking Ratio 1.35/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Business Center
  • Clubhouse
  • Fitness Center
  • Picnic Area
  • Pool
  • Corporate Suites
  • Grill
  • Bicycle Storage
  • Conference Rooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 56 $2,025 704
2+2 56 $2,400 915

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-15- 250-0028.0000
Land Assessment
$6,370 (2022)
Improvements Assessment
$0 (2022)
Total Assessment
$6,370 (2022)

zoning

Zoning Code None
None

Walk Score

Property Type

For Sale

Status

Available

Listing Agent

The Landing at Meadow View 102 Bloomfield Dr 112 Unit Apartment Building $25,000,000 ($223,214/Unit) 6.23% Cap Rate Bridgeport, WV

Email

mpt@realcorpinc.com

Phone

1-304-541-7000