- For Sale Contact for pricing
- Property Type Other
- Lot Size 14.18 SF
- Date Updated Feb 18, 2025
409 UNITS WITH SIGNIFICANT VALUE-ADD UPSIDE IN MORGANTOWN, WV
Colliers is pleased to present Bon Vista, The Villas, and Barrington North, a 409-unit garden-style community with immediate value-add upside and scale located less than 10 minutes from West Virginia University. Built in 1985, 1992, and 2005, the three individual communities operate as one asset and provide new ownership with investment flexibility and optionality. All 409 units are in near original condition offering basic cabinets, tile floors, white appliances, and laminate countertops. Premium finishes such as modern white cabinets, hardwood-style flooring, stainless steel appliances, and higher-end laminate or granite countertops deliver immediate returns, projected to generate average monthly premiums of $100/unit.
In good physical condition, new ownership can leverage strong organic rent growth on new leases (8% over the last 8 months) and positive market fundamentals (no new supply and 4.1% annual rent growth from 2024 to 2026) to push top-line revenue and time value-add improvements perfectly.
NO NEW SUPPLY & LESS THAN 10 MINUTES FROM WEST VIRGINIA UNIVERSITY
Positioned minutes from West Virginia University (7,700 jobs and 26,000 students), JW Ruby Memorial Hospital, and the Morgantown Municipal Airport, Bon Vista, The Villas, and Barrington North provides easy access to grocery-anchored retail and the largest employers in Morgantown. The lack of an incoming development pipeline (no units scheduled over the next 3 years) provides runway for future rent growth and minimizes concessionary pressure.
94% Occupied (*excludes 12 units are currently being renovated & scheduled to go back online in Mar)
Reach out to the broker for more info on lease terms and amenities
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Contacts
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Location
Getting Around
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Walk Score ®
22/100 Car-Dependent
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Bike Score ®
13/100 Somewhat Bikeable
- City Morgantown, WV
- Zip Code 26505
Points of Interest
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Kroger
0.43 miles
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Sheetz
0.89 miles
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Circle K
1.24 miles
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Exxon
1.47 miles
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BP
1.68 miles
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Kroger Gas Station
1.83 miles
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BFS Food and Gas
2.03 miles
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Marathon
2.27 miles
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Morgantown Supercharger
5.43 miles
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Off-Site Employee Parking
0.41 miles
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Eastwood Parking
0.83 miles
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Northpoint Plaza
0.84 miles
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Willowdale Garage
0.94 miles
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WVNET Parking Lot
1.10 miles
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Ruby Hospital Parking Garage
1.23 miles
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Law School Parking Lot 1 (WVU)
1.25 miles
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Law School Parking Lot 2 (WVU)
1.30 miles
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Law School Parking Lot 3 (WVU)
1.31 miles
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Mountaineer Station
1.34 miles
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Hilton Garden Inn
0.47 miles
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Residence Inn Morgantown
0.90 miles
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Holiday Inn Morgantown - University Area
0.94 miles
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Euro hotel s
1.40 miles
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Euro Suites
1.41 miles
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Hampton Inn Morgantown
1.51 miles
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Suburban Extended Stay Hotel
2.02 miles
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Super 8
2.13 miles
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Hotel Morgan
2.25 miles
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Econo Lodge Colesium
2.63 miles
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DQ Grill & Chill
0.32 miles
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Sonic
0.35 miles
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Primanti Bros.
0.35 miles
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Saladworks
0.36 miles
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Plaza Azteca
0.36 miles
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McDonald's
0.37 miles
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Taziki's
0.46 miles
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Buffalo Wild Wings
0.46 miles
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Pies n' Pints
0.48 miles
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Papa John's
0.49 miles
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West Virginia University
0.42 miles
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West Virginia University Research Park
0.56 miles
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WVU Animal Husbandry Farm
0.58 miles
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West Virginia University Horticultural Farm
0.68 miles
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Eastwood Elementary School
0.83 miles
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West Virginia University Dairy Farm
1.10 miles
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North Elementary School
1.13 miles
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WVU Aeronautical Engineering Lab
1.15 miles
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West Virginia University School of Dentistry
1.16 miles
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West Virginia University College of Law
1.31 miles
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Suncrest Head Start
2.20 miles
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Sweet Child of Mine Day Care
2.50 miles
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Rock Family Church Daycare
3.67 miles
Frequently Asked Questions
The sale price for Bon Vista, The Villas, Barrington North is available upon request. Contact the listing broker for more information.
Bon Vista, The Villas, Barrington North totals 690 square feet.
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