An exceptional multi-family investment opportunity awaits right here on Kanawha Avenue in Nitro. This unique package consists of five total rental units situated conveniently side-by-side on the same street, making property management and oversight a breeze. The versatile layout features a spacious single-family ranch-style home complete with a one-car garage, accompanied by two well-maintained duplexes for a total of five lucrative doors. Tenants appreciate the convenience of dedicated off-street parking available for every single dwelling. Currently generating a strong gross rent roll of $5,900 per month, the property boasts reliable performance with four units currently occupied and a new tenant slated to fill the remaining vacancy shortly. This is a turnkey income-producing asset ready to elevate your real estate portfolio from day one.
Nitro is located in West Virginia. Nitro, West Virginia has a population of 6,630. Nitro is more family-centric than the surrounding county with 32.54% of the households containing married families with children. The county average for households married with children is 24.57%.
The median household income in Nitro, West Virginia is $45,949. The median household income for the surrounding county is $50,574 compared to the national median of $69,021. The median age of people living in Nitro is 44.7 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 23.1 degrees. The average rainfall is approximately 43.8 inches per year, with 19.8 inches of snow per year.
