1 Lowell Drive, Barboursville, WV 25504

Property Description

Rarely does an investment opportunity of this caliber become available in the Town of Barboursville. This meticulously maintained multi-family property consists of 17 total rental units, including 12 townhomes featuring 2 bedrooms and 1 bathroom, 4 townhomes featuring 2 bedrooms and 1.5 bathrooms, and a separate 3-bedroom, 1.5-bath single-family residence. The property has remained under the same private ownership since its original construction nearly 50 years ago and has been exceptionally cared for throughout its history. Investors will appreciate the property's history of stable occupancy and strong tenant retention, as well as numerous capital improvements that have already been completed, including HVAC system updates in 2025 and roof replacements. An additional feature is the 28' x 48' unfinished basement currently utilized for storage and management operations related to the rental units. Beyond the rental income generated by the residential units, the property offers additional revenue opportunities through its private sewer pond system, which currently services and collects annual sewer fees from 14 neighboring residential properties. Separate tenant billing for trash service may provide further income potential. Combining multiple revenue streams, significant recent improvements, strong historical performance, and a prime Barboursville location, this property represents a truly unique opportunity for investors seeking a legacy asset with long-term stability and upside potential.