1603 Covert St, Parkersburg, WV 26101

This property has two buildings on it. The front one has 2 apartments downstairs and one upstairs. Those are apartments 1-3. #1 is a one bedroom, could be made into 2, one bath unit. It is empty and being remodeled. Not much work and it will be ready to rent out. It will easily rent for $600 when complete. Unit #2 is a one bedroom one bath and just needs minor repairs and will be ready to rent out estimated $450-$500. The upstairs apartment, unit #3 is completely gutted and ready for electric and drywall. It is the largest in this building and is a 3 bedroom, 1 1/2 bath unit that will rent from $650 to $700 a month when complete. The building in the back has 2 smaller which are units #5 and #6. Unit #4 is a studio with one bath. The upstairs, unit #5 is a one bedroom one bath. Also, the city will pay $5k per unit and give an interest free loan of $5k and gives you 5 years to pay it off. That's $10,000 per unit so $50,000 total, $25k would be a grant from the city and the other half would be owed interest free over 5 years if one would decide to go that route. It has one water meter for all units and has separate electric meters for each. I admit that this place needs some attention and some roof repair but with $50k from the city to help pay for renovations it's worth considering for investors. For a tour call me, John, @ 304-303-5272