Turnkey Investment Opportunity – 8-Unit Multi-Family in Elkins, WV
Don’t miss this strong income-producing property in the heart of Elkins! This well-positioned 8-unit multi-dwelling offers an impressive $7,000 in monthly rental income, making it an ideal addition to any investor’s portfolio.
Conveniently located within walking distance to Glendale Park and the local middle school, this property appeals to a wide range of tenants seeking accessibility, outdoor recreation, and proximity to schools. Its desirable location supports consistent occupancy and long-term rental stability.
Each unit provides comfortable living spaces, and the property has proven cash flow with room for potential upside through rental adjustments or value-add improvements.
Whether you're a seasoned investor or just expanding into multi-family assets, this is a rare opportunity to own a solid, income-generating property in a growing North Central West Virginia market.
Even includes an onsite, coin operated laundry mat!
Schedule your showing today and start earning from day one!
5 2-BR Townhomes with basements, $900 Monthly, all rented!
2 1-BR efficiencies, $750 and $725 Monthly. Both rented! (both upstairs, electric heat, window ac units, no basements)
1 3-Br Suite, $1055 monthly and rented to a long-time tenant! (upstairs, no basement)
Several units have hardwood floors, granite counter tops, walk in closets.
Basements are unfinished.
This is a very nice unit.
Upstairs units have electric heat and window AC units.
We will be scheduling an open house; dates and times will be posted soon.
REAL ESTATE TERMS: 10% nonrefundable down payment made day of auction (or within 24 hours for online bidders) with balance due at closing. Cash, check, & wire transfer accepted. Credit cards will not be accepted for the down payment. No financing contingencies will be entered into the contract. Any required inspections must be completed before bidding. Property is being sold as is, where is with no warranty written or implied.
Property will be sold free and clear of all liens. Seller is conveying surface rights only with no oil, gas, coal, mineral, or other subsurface interests conveyed unless otherwise noted. 60 days given to close. Announcements sale day take precedence over all advertisements published. 10% Buyers Premium will be added to determine final contract price. Name of purchaser on contract must be the name of the winning bidder or an entity which the winning bidder legally represents. No exceptions. Real estate sold subject to owner confirmation unless otherwise noted.
AGENCY DISCLOSURE: Wiles Auction Company, LLC is acting as Auctioneer/Agent and is an agent for the seller only.
DISCLAIMER: All information regarding the description of this property is derived from sources deemed reliable but not warranted. Information is believed to be correct to the best of auctioneer/agent’s knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives, and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions.
Any references to acreage, unless otherwise noted, are derived from public record and are not warranted. Buyers are responsible for conducting their own research prior to bidding.
BUYER/BROKER INFORMATION: Commission will be paid to any properly licensed buyer's broker who registers a successful buyer according to the Broker Participation Guidelines. Broker registration forms are available on our website or from the company office. Broker must be registered 24 hours prior to Auction. Brokers/Agents are not entitled to a commission if they are the purchaser.
Wiles Auction Company, LLC
Railey Realty
Steven Galusky, Broker
Ronnie Wiles, Jr.,
304-680-7140
450 Dunkard Ave., Morgantown, WV 26505
