INVESTMENT OPPORTUNITY FOR SALE MARKETING FLYER

GILMORE STREET STUDENT HOUSING PORTFOLIO MORGANTOWN, WV 26505 HEALTH SCIENCES CAMPUS WVU MEDICINE WEST VIRGINIA UNIVERSITY EVANSDALE CAMPUS MILAN PUSKAR STADIUM WVU FOOTBALL FIELD

GILMORE STREET PORTFOLIO YOUR NEXT INVESTMENT WEST VIRGINIA UNIVERSITY MAIN CAMPUS

DOWNTOWN MORGANTOWN HIGH STREET

GILMORE STREET STUDENT HOUSING PORTFOLIO MORGANTOWN, WV 26505 INVESTMENT OVERVIEW Introduction of the portfolio including specifications of the buildings, utilities, 02 parking, legal description, zoning and parcel map/site plan. BUILDING SPECIFICATIONS / FLOOR PLANS 06 Specifications, floor plans, photos and descriptions of each individual building within the portfolio. LOCATION OVERVIEW Detailed description/aerial photo of the properties and their proximity to 24 surrounding businesses and locations. DEMAND DRIVERS 26 West Virginia University and the surrounding location. AERIAL PHOTOS 28 Aerial photos of the property from different heights and angles.

Financial information is available upon request and receipt of a signed Confidentiality & Disclosure Agreement. To obtain this agreement, contact Black Diamond Realty. INVESTMENT OVERVIEW

GILMORE STREET STUDENT HOUSING PORTFOLIO MORGANTOWN, WV 26505

• Five Detached Apartment Unit Buildings (349, 353, 357, 361 and 365 Gilmore Street) • Four Detached Single Residential Houses (377, 387, 391 and 397 Gilmore Street)

SALE PRICE / $1,475,000 TOTAL NUMBER OF ASSETS / 9 GROSS BUILDING SIZE / 27,646 SQ FT LOT SIZE / 2.51 ACRES

Black Diamond Realty is pleased to present the Gilmore Street Student Housing Portfolio in Morgantown within walking distance to West Virginia University’s Downtown, Evansdale and Health Sciences Campuses. The subject properties are located along Gilmore Street, within close proximity to all supporting goods and services along with convenient access to the fast growing Evansdale and Health Sciences Campus areas of WVU. The immediate neighborhood is one of the fastest growing areas in Monongalia County due primarily to the expansion and location of the campuses and a growing/ expanding medical community and associated affiliates.

02 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV HEALTH SCIENCES CAMPUS SUNCREST

MILAN PUSKAR STADIUM

EVANSDALE CAMPUS GILMORE STREET PORTFOLIO

WVU COLLEGE OF LAW

WVU MAIN CAMPUS

WESTOVER

DOWNTOWN MORGANTOWN

Morgantown, WV - WVU Main Campus, Downtown, Evansdale Campus, Health Sciences Campus, College of Law, Milan Puskar Stadium, Suncrest and Westover.

BLACK DIAMOND REALTY 03 LOCATION The subject property is located within the city limits of Morgantown offering RESIDENTIAL HOUSES convenient access to the fast growing Evansdale and Health Sciences Campuses The four (4) residential houses offer a combination of levels/apartments that of West Virginia University. The property is within walking distance of West have been described in the chart on Page 3. Total combined gross living area of Virginia University’s Downtown Campuses well as the downtown business area the four (4) structures would approximate 5,148 square feet with 12 bedrooms. of Morgantown. The site is situated 3.4 miles to I-79, Exit 155 and 4.9 miles to Construction is wood frame and masonry block with lower levels of the I-68, Exit 7. structures being partially below ground elevation in conformity with the site terrain although accessible from ground elevation. Exteriors are a combination SITE DESCRIPTION of vinyl siding, stucco, wood siding and painted block. Interior finishes vary The property is comprised of five (5) multi-level apartment buildings and from structure to structure. four (4) detached multi-level residential houses. The apartment buildings are situated on a single irregular shaped tract of land being 1.39 acres UTILITIES (Parcel 59). The residential houses are situated on four irregular shaped All public utilities are available to the site. Electric is provided by Mon Power. tracts of land totaling 1.12 acres (Parcels 60, 61, 62 and 64). The property Natural gas is provided by Dominion Energy West Virginia. Water and sewer are in total consists of 2.51 acres. All structures are accessible from Gilmore provided by the Morgantown Utility Board (MUB). Internet, cable and trash are Street. See the parcel map/site plan and list of buildings on Page 5. available via multiple providers. Tenants pay all utilities with some exceptions when utilities are not separated. Buildings #349, #353 and #361 do not offer BUILDING SPECIFICATIONS separated water between apartments B and C. Buildings #349, #353, #357, APARTMENT BUILDINGS #361 and #365 do not offer natural gas. Buildings #377, #387/389, #391 The five (5) apartment buildings were developed in the 1970’s and have been and #397 do offer natural gas. Building #387 does not offer separated remodeled/reconfigured/updated over the years by current ownership. All water or gas. The dumpster for all apartment buildings is paid by the owner. units have central AC and heat pump systems and new French doors have been added to every apartment. The apartment buildings are a combination of two INGRESS / EGRESS / PARKING level/two apartments and three level/three apartments. There are a total of 13 All structures can be accessed via Gilmore street by turning south off apartments and 26 total bedrooms. Each apartment is 2 Bedroom/1 Bathroom University Avenue. The property offers approximately 30-35 off-street parking with 972 (+/-) square feet of gross living area. spaces that are divided amongst all buildings. Additional access is available. Construction is wood frame and masonry block. The lower levels of the structures are partially below ground elevation, in conformity with the site LEGAL DESCRIPTION / ZONING terrain, although accessible from ground elevation. Wood decking stairs/ Located within city limits, this property is situated within the Morgantown walkways offer access to upper and middle floors. All exteriors are a combination 4th Ward District of Monongalia County. The site consists of five irregular of vinyl siding, stucco and painted block. Windows have been upgraded with and rectangular shaped parcels totaling 2.51 acres. The property is identified aluminium frame double hung and sliders. Interior finishes include a combination as 4th Ward, Map 15, Parcels 59 (1.59 acres), 60 (0.29 acres), 61 (0.15 acres), of drywall ceilings, wood grade panelling and drywall interior walls, carpet and 62 (0.47 acres) and 64 (0.21 acres). vinyl flooring, and cathedral ceilings on the upper floor units. Each unit has a According to information supplied by city officials, the site would appear to washer and dryer, full set of appliances, including disposal, with some of the be located in an area zoned R-3, Article 1339, being Multi-Family Residential remodeled kitchens containing dishwashers. New kitchens were completed in District, with a permitted maximum height of four (4) stories of fifty-five (55) some of the units five years ago, new sewer lines were added four years ago, feet plus a maximum lot coverage of 60%. many of the bathrooms were updates two years ago, and each unit contains a side patio or wood deck that measures 8’ x 12’.

04 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV PROPERTY PARCEL MAP / SITE PLAN BUILDING TYPE DESCRIPTION

Building 349 Apartment Top Floor - 349A - (2 Bedroom) Middle Floor - 349B - (2 Bedroom) Bottom Floor - 349C - (2 Bedroom)

Building 353 Apartment Top Floor - 353A - (2 Bedroom) Middle Floor - 353B - (2 Bedroom) Bottom Floor - 353C - (2 Bedroom)

Building 357 Apartment Top Floor - 357A - (2 Bedroom) Bottom Floor - 357B - (2 Bedroom)

Building 361 Apartment Top Floor - 361A - (2 Bedroom) Middle Floor - 361B - (2 Bedroom) Bottom Floor - 361C - (2 Bedroom)

Building 365 Apartment Top Floor - 365A - (2 Bedroom) Bottom Floor - 365B - (2 Bedroom)

Building 377 House Main House - 377A (3 Bedroom) Lower Level - 377B (1 Bedroom)

Building 387 House Main House - 387 (3 Bedroom) /389 Lower Level - 389 (1 Bedroom)

Building 391 House Main House - 391 (1 Bedroom) Lower Level - Utility/Basement

Building 397 House Main House - 397 (3 Bedroom)

BLACK DIAMOND REALTY 05 349 GILMORE STREET APARTMENT BUILDING The apartment building at 349 Gilmore Street offers three levels, all of which Finishes to the apartments include: drywall ceilings, painted panelling, are individual, 2 bedroom, 1 bathroom apartments (total of 2,916 square feet). a combination of vinyl tile and carpet flooring, various lighting fixtures Each apartment offers 972 (+/-) square feet of living space with a full kitchen including ceiling fans and blinds on all windows. including a refrigerator, stove/oven and dishwasher. Apartment 349A does not have a dishwasher. This building also has a washer and dryer in each unit. Access to each apartment is by wood decking/stairs. All apartments have their own private patio/deck with a roof.

WD WD WD BEDROOM BEDROOM BEDROOM ITCHEN ITCHEN ITCHEN

UTILIT UTILIT UTILIT CL CL CL

BATHROOM BATHROOM BATHROOM

CL CL CL

LIING ROOM LIING ROOM LIING ROOM BEDROOM BEDROOM BEDROOM

DEC DEC DEC CL CL CL

MAIN MAIN MAIN ENTRANCE ENTRANCE ENTRANCE

TOP FLOOR - 349 A

MIDDLE FLOOR - 349 B

BOTTOM FLOOR - 349 C

06 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 349 Gilmore Street Exterior 349 Kitchen

349 Bathroom 349 Bedroom

BLACK DIAMOND REALTY 07 353 GILMORE STREET APARTMENT BUILDING The apartment building at 353 Gilmore Street offers three levels, all of which Finishes to the apartments include: drywall ceilings, panelling on the walls, are individual, 2 bedroom, 1 bathroom apartments (total of 2,916 square feet). a combination of vinyl tile and carpet flooring, various lighting fixtures Each apartment offers 972 (+/-) square feet of living space with a full kitchen including ceiling fans and blinds on all windows. including a refrigerator and stove/oven. This building also has a washer and dryer in each unit. Access to each apartment is by wood decking/stairs. All apartments have their own private patio/deck with a roof.

TOP FLOOR - 353 A

MIDDLE FLOOR - 353 B

BOTTOM FLOOR - 353 C

08 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 353 Gilmore Street Exterior 353 Kitchen With Cathedral Ceilings

353 Kitchen and Living Room 353 Bedroom

BLACK DIAMOND REALTY 09 357 GILMORE STREET APARTMENT BUILDING The apartment building at 357 Gilmore Street offers two levels, both of which Finishes to the apartments include: drywall ceilings, panelling on the walls, are individual, 2 bedroom, 1 bathroom apartments (total of 1,944 square feet). a combination of vinyl tile and carpet flooring, various lighting fixtures Each apartment offers 972 (+/-) square feet of living space with a full kitchen including ceiling fans and blinds on all windows. including a refrigerator and stove/oven. This building also has a washer and dryer in each unit. Access to each apartment is by wood decking/stairs. All apartments have their own private patio/deck with a roof.

TOP FLOOR - 357 A

BOTTOM FLOOR - 357 B

10 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 357 Gilmore Street Exterior 357 Kitchen With Cathedral Ceilings

357 Living Room 357 Bedroom

BLACK DIAMOND REALTY 11 361 GILMORE STREET APARTMENT BUILDING The apartment building at 361 Gilmore Street offers three levels, all of which Finishes to the apartments include: drywall ceilings, panelling on the walls, are individual, 2 bedroom, 1 bathroom apartments (total of 2,916 square feet). a combination of vinyl tile and carpet flooring, various lighting fixtures Each apartment offers 972 (+/-) square feet of living space with a full kitchen including ceiling fans and blinds on all windows. including a refrigerator and stove/oven. This building also has a washer and dryer in each unit. Access to each apartment is by wood decking/stairs. All apartments have their own private patio/deck with a roof.

TOP FLOOR - 361 A

MIDDLE FLOOR - 361 B

BOTTOM FLOOR - 361 C

12 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 361 Gilmore Street Exterior 361 Kitchen With Cathedral Ceilings

361 Living Room 361 Bedroom

BLACK DIAMOND REALTY 13 365 GILMORE STREET APARTMENT BUILDING The apartment building at 365 Gilmore Street offers two levels, both of which Finishes to the apartments include: drywall ceilings, panelling on the walls, are individual, 2 bedroom, 1 bathroom apartments (total of 1,944 square feet). a combination of vinyl tile and carpet flooring, various lighting fixtures Each apartment offers 972 (+/-) square feet of living space with a full kitchen including ceiling fans and blinds on all windows. including a refrigerator, stove/oven and dishwasher. This building also has a washer and dryer in each unit. Access to each apartment is by wood decking/ stairs. All apartments have their own private patio/deck with a roof.

TOP FLOOR - 365 A

BOTTOM FLOOR - 365 B

14 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 365 Gilmore Street Exterior 365 Kitchen With Cathedral Ceilings

365 Living Room 365 Deck

BLACK DIAMOND REALTY 15 377 GILMORE STREET RESIDENTIAL HOUSE Built in 1945, this residential house offers three levels totaling1,552 (+/-) Finishes to the house include: drywall walls, a combination of drywall and square feet. The middle and top floor offer a three bedroom apartment with drop and ceilings, a combination of vinyl tile, carpet and hardwood flooring, one bathroom and the bottom floor offers a one bedroom apartment with one various lighting fixtures throughout and blinds on all windows. bathroom. Additionally, the bottom floor offers a utility/laundry area that is shared between the two units within the house. Each apartment offers a full kitchen including a refrigerator and stove/oven.

TOP FLOOR - 377

MIDDLE FLOOR - 377

BOTTOM FLOOR - 377

16 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 377 Gilmore Street Exterior 377 Kitchen

377 Living Room 377 Bedroom

BLACK DIAMOND REALTY 17 387, 389 GILMORE STREET RESIDENTIAL HOUSE Built in 1931, this residential house offers three levels totaling1,596 (+/-) square Finishes to the house include: drywall walls and ceilings, a combination feet. The middle and top floor offer a three bedroom apartment with one of vinyl tile and carpet flooring, various lighting fixtures throughout and bathroom and the bottom floor offers a one bedroom apartment with one blinds on all windows. bathroom. Additionally, the basement offers a utility/laundry area that is shared between the two units within the house. Each apartment offers a full kitchen including a refrigerator and stove/oven.

TOP FLOOR - 387

MIDDLE FLOOR - 387

BOTTOM FLOOR - 389

18 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 387/389 Gilmore Street Exterior 387 Kitchen

389 Kitchen/Dining Room 389 Bedroom

BLACK DIAMOND REALTY 19 391 GILMORE STREET RESIDENTIAL HOUSE Built in 1931, this residential house offers two levels totaling 392 (+/-) square Finishes to the house include: drywall walls and ceilings, a combination of feet. The top floor offers a one bedroom apartment and the bottom floor ceramic tile, hardwood and carpet flooring, various lighting fixtures offers a utility/laundry area and bathroom. This house offers a full kitchen throughout and blinds on all windows. including a refrigerator and stove/oven.

TOP FLOOR - 391

BOTTOM FLOOR

20 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 391 Gilmore Street Exterior 391 Outdoor Space

391 Living Room 391 Kitchen

BLACK DIAMOND REALTY 21 397 GILMORE STREET RESIDENTIAL HOUSE Built in 1925, this residential house offers two levels totaling 1,124 (+/-) square Finishes to the house include: drywall walls and ceilings, a combination feet. The top and middle floor offer a three bedroom apartment with one of vinyl, hardwood and carpet flooring, various lighting fixtures bathroom and the bottom floor offers a laundry/utility room. This apartment throughout, ceiling fans and blinds on all windows. offers a full kitchen including a refrigerator and stove/oven.

TOP FLOOR - 397

MIDDLE FLOOR - 397

BOTTOM FLOOR - 397

22 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV 397 Gilmore Street Exterior 397 Kitchen/Dining Room

397 Living Room 397 Bedroom

BLACK DIAMOND REALTY 23 LOCATION OVERVIEW

MONONGALIA COUNTY Monongalia County lies in north central West Virginia with Morgantown as the county seat and home to West Virginia University. Fall enrollment for WVU in 2017 reached over 31,000 students, Full-time and part-time faculty and staff has increased to over 8,100. These numbers are expected to continue to grow. Education, health services, professional and business services are all expected to grow at a particularly high rate. GILMORE STREET Morgantown’s prominence in both of the recession-resistant sectors of higher STUDENT HOUSING PORTFOLIO education and health care employment is one reason for the stability in the area. The WVU Bureau of Business and Economic Research calls for “continued healthy growth” well into the future. POPULATION

2017 Monongalia County Population 105,030 1 INCOME

2017 Monongalia County Median Household Income $50,888 1 HOUSING UNITS

2017 Monongalia County Number of Housing Units 44,999 1 SOURCES Distance to nearby cities: Fairmont, WV - 20 miles, Uniontown, PA - 28 miles, 1 - https://censusreporter.org/profiles/05000US54061-monongalia-county-wv/ Bridgeport, WV - 35 miles, Washington, PA - 47 miles, Pittsburgh, PA - 75 miles, Wheeling, WV - 86 miles, Charleston, WV - 156 miles.

24 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV The aerial above highlights several of the most Westover Area CVS College of Business and Economics popular surrounding locations. The subject Hazel Ruby McQuain Park BB&T Bank U Club Sunnyside Wings Ole’ Panera Bread property has been referenced with a yellow WVU Evansdale Campus Black Bear Burritos WV Junior College Towers Evansdale star. The properties are located along Gilmore Tin 202 Department of Physics Suncrest Area Street just off of University Avenue. Alternate Saffron Indian Cuisine Downtown Campus Library University Park transportation options have been labeled. Apothecary Ale House & Cafe C. Eugene Department of Chemistry Ruby Memorial Hospital Morgantown Brewing Company Health Sciences Center Mountain Line Bus Stop Mountainlair Dirty Bird Hodges Hall Milan Puskar Stadium Towers PRT Station Walnut PRT Station Cold Stone Creamery Armstrong Hall Milan Pharmaceuticals Medical Center Beechurst PRT Station Lotsa Stone Fired Pizza Eberly College of Arts and Sciences Mon General Hospital PRT Station Engineering PRT Station Casa D’ Amici Oglebay Hall BLACK DIAMOND REALTY 25 DEMAND DRIVERS

WVU Main Campus - Morgantown, WV

West Virginia University is a family of distinctive campuses united by a single mission. From the ground- breaking research of our flagship in Morgantown to the liberal arts hub of WVU Potomac State in Keyser to the technology-intensive programs at WVU Tech in Beckley — we are leveraging our talents and resources to create a better future for West Virginia and the World. WVU is ranked as a Research University (Highest Research Activity) – R1 – in the 2015 Carnegie Classification of Institutions of Higher Education.2 The WVU Morgantown campus is located in a town named “No. 1 Small City in America” by BizJournals. com for its exceptional quality of life. Morgantown, population 30,855, was also rated the ninth best college town in America by Business Insider and is within easy traveling distance of Washington, D.C., to the east, Pittsburgh, Pa., to the north, and Cleveland and Columbus, Ohio, to the northwest. Other rankings: Kiplinger.com WVU Football - Milan Puskar Stadium included Morgantown in their 10 great places to live list; one of “Best Sports Cities” by Sporting News; 5th “Best Small Metro” by Forbes; 12th overall “Hottest Small City” by Inc.; one of “50 Smartest Places to Live” by Kiplinger’s; and the second-ranking “Best College Town for Jobs” by Forbes. 2 Students at the Morgantown campus come from 108 nations, all 50 U.S. states and all 55 West Virginia counties; 13,986 are West Virginia residents. In fall 2017, WVU’s Morgantown campuses enrolled 28,409 students. 2 WVU Medicine, the affiliated academic medical system of West Virginia University, unites the clinical and research faculty of the West Virginia University Health Sciences Center with the hospitals, clinics, and health professionals of the West Virginia University Health System. Together, they are a national leader in patient safety and quality, they are unified and driven by a passion to provide the most advanced healthcare possible 3 to the people of West Virginia and beyond. WVU Medicine - Ruby Memorial Hospital SOURCES 2 - https://www.wvu.edu/ 3 - https://wvumedicine.org/about/

26 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV

SHOPPING RESTAURANTS

• Morgantown has a wide variety of big box retailers plus locally owned • Throughout Morgantown, upscale and casual dining options coexist with merchants. Find men, women and children’s clothing/accessory stores, neighborhood bistros, family-owned eateries, national chains and spirited housewares, hard good, soft goods and more at local malls and shopping pubs and tastes from around the world. centers including the University Town Centre, Gateway, Suncrest Towne • Top 10 restaurants in Morgantown voted by locals include: Black Bear, Centre, Pierpont Centre, Morgantown Mall, Wasmon Plaza to name a few. Mario’s Fish Bowl, Iron Horse, Table 9, Tailpipes, Atomic Grill, Sargasso, • Choose from numerous supermarket options in Morgantown including Hill and Hollow, Tin 202 and Puglioni’s. Try them all and take your pick! Sams Club, Walmart Supercenter, Kroger, Aldi, Giant Eagle and local Other popular establishments include Stefano’s, Kegler’s, Wine Bar, Crab organic markets. Shack Cariba and Mountaineer Tap House.

TRANSPORTATION ENTERTAINMENT

• Mountain Line is free for faculty, staff and students with a valid WVU ID. The • Morgantown offers a variety of events and entertainment opportunities year cost for non-WVU users is 75 cents per ride. The Mountain Line offers WVU round including WVU football games, WVU basketball games, baseball specific routes, city/county routes and to Pittsburgh. games at the new WV Black Bears ball park, live concerts and more. • Morgantown offers access to a variety of Taxi services and Uber drivers as an • A significant nightlife presence is concentrated in downtown Morgantown. alternate means of transportation. Multiple bars offer evening happy hour drink and dinner specials, as well as nightly live music, karaoke, trivia and drink specials. • Located only seven minutes from WVU Main campus, Morgantown Municipal Airport (MGW) currently offers daily flights to Baltimore- • Other entertainment options include a 16+ automatic lane bowling alley, Washington International (BWI) in Maryland and Pittsburgh International Regal move theatre, golf courses, walking and biking nature trails, fishing Airport in Pennsylvania accessing nearly 1,000 connecting flights to and boating on Cheat Lake and more. domestic and international destinations.

BLACK DIAMOND REALTY 27 Aerial View of the Property Facing Northeast

28 GILMORE STREET • STUDENT HOUSING PORTFOLIO • MORGANTOWN, WV Aerial View of the Property Facing North

Aerial View of the Property Facing Northeast Aerial View of the Property Facing North

BLACK DIAMOND REALTY 29 CONTACT BLACK DIAMOND REALTY LLC

1399 Stewartstown Road, Suite 300 Mark J. Nesselroad, Broker Jeff Stenger, Associate/Salesperson Janelle Zeoli, Multimedia Specialist/Designer Morgantown, WV 26505 [email protected] [email protected] [email protected]

P. 304.413.4350 F. 304.599.3285 David Lorenze, Principal/Salesperson Chris Waters, Associate/Salesperson * All information is believed to be accurate [email protected] [email protected] but not guaranteed. More information is BlackDiamondRealty.net available upon request. Murphy Holloway, Associate/Salesperson Jeff Wise, Associate/Salesperson [email protected] [email protected]