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1024 Cayton St, Morgantown, WV, 26505

4beds
3baths
1,600sqft
$215,000
$134price/sqft
$1,447/moest. monthly cost
$57,880/yrincome needed

About This Home

TWO INCOME-PRODUCING PROPERTIES NEAR WVU – TURNKEY INVESTMENT OPPORTUNITY Positioned just 0.5 miles from West Virginia University Downtown Campus and the WVU Mountainlair, this rare dual-property package offers immediate cash flow in one of Morgantown’s most desirable rental locations. Perfect for investors seeking consistent income, the offering includes 1024 Cayton Street, a 2-bedroom, 2-bath home leased through May 20, 2027 at $1,200 per month, and 1048 College Avenue, a neighboring 2-bedroom, 1-bath home also leased through May 20, 2027 at $800 per month. With both properties, tenants are responsible for all utilities and lawn care, making them a low-maintenance investment for the owner. Together, the properties generate $2,000 in monthly rental income and boast a strong rental history with long-term leases already in place. Located side-by-side for simplified management and scalability, this package is ideal for student housing or portfolio expansion. Opportunities like this—two adjacent, fully leased properties in close proximity to WVU—are increasingly rare, making this a true turnkey investment with immediate and reliable returns. - Tenants need a minimum of 24hr notice for showings-

Getting Around

61
WalkingSomewhat Walkable
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
8/10
9/10
University High SchoolGrades 9-123.6 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Frame,Block,Wood Siding,Other

Type & Style

  • Home type: MultiFamily
  • Architectural style: Raised Ranch
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Dishwasher,Refrigerator
  • Laundry features: Washer Hookup

Basement

  • Level: Basement

Basement

  • Has basement: Yes
  • Basement: Finished,Unfinished,Walk-Out Access,Interior Entry,Exterior Entry

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Wet Bar,Beamed Ceilings
  • Flooring: Wood,Vinyl,Laminate
  • Attic: Scuttle
  • Finished area below ground: 5

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 1,580
  • Total interior livable area: 1,600 sqft

Property

Details

  • Parcel number: 540613113200622/0621
  • Zoning description: Neighborhood Residential

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Porch,Patio,Deck,Screen Porch
  • Fencing: None
  • Has view: Yes
  • View description: Neighborhood
  • Waterfront features: None

Lot

  • Lot size: 0.29 Acres
  • Features: Sloped,No Outlet Street
  • Lot size dimensions: Iregg

Parking

  • Total spaces: 1
  • Parking features: 1 Car,No Garage