50-Unit Apartment Complex in Morgantown

Secured Party Real Estate Auction   Wednesday, October 28th at 2:00PM Registration begins at 1:30PM AUCTION HELD AT THE MONONGALIA COUNTY COURTHOUSE   Property Address: 1443, 1445, 1447 & 1448 VanVoorhis Road Morgantown, WV 26505   Woodline Apartments – 50 Unit Complex

Live and Online Bidding

Call: Debra Flanigan

Secured Party Real Estate Auction

 

Wednesday, October 28th at 2:00PM

Registration begins at 1:30PM

AUCTION HELD AT THE MONONGALIA COUNTY COURTHOUSE

 

Property Address:

1443, 1445, 1447 & 1448 VanVoorhis Road

Morgantown, WV 26505

 

Woodline Apartments – 50 Unit Complex

 

Welcome to the Woodline Apartments — a rare multi-building investment opportunity located along VanVoorhis Road in the thriving Morgantown market. Situated just minutes from West Virginia University, local hospitals, shopping, and major commuter routes, this established apartment complex offers 50 total units across five detached buildings on nearly two acres of land. With strong rental demand, convenient access, and multiple avenues for value enhancement, Woodline Apartments presents a solid foundation for both seasoned investors and those seeking to expand their portfolio in one of North-Central West Virginia’s most active rental markets.

 

Property Details

  • Zoning: C1 – Commercial (West Run Planning District)
  • Total Land Area: Approximately 1.97 acres (subject to survey)
  • Total Building Area: ±30,270 sq. ft. above grade, plus additional basement areas
  • Buildings: 5 detached apartment buildings
  • Total Units: 50 apartments (37 one-bedroom, 13 two-bedroom units)

Building Descriptions

1443–1445 VanVoorhis Road
Two-story building with three apartment units and a laundry/office area.

1447 VanVoorhis Road
Two-story, eight-unit building (four 1-bedroom, four 2-bedroom). Constructed in the 1960s. Currently in  in need of significant renovation.

1448 VanVoorhis Road (Three Buildings)
36 apartments (28 one-bedroom, 8 two-bedroom). Two basement levels contain former commercial spaces.


Site Features

  • Dual access from VanVoorhis Road and West Run Road
  • Public water and sewer
  • Ample on-site parking
  • Convenient proximity to employment, retail, and educational centers

Highlights

  • Multi-building complex in a high-demand rental corridor
  • Excellent access and visibility from VanVoorhis Road
  • Mix of one- and two-bedroom units
  • Opportunity to add value through renovation and repositioning

 

Woodline Apartments offers a combination of existing cash flow and future growth potential in an established, well-located setting. With 50 total units, strong area demographics, and proximity to major employers and WVU, this property is ideal for investors seeking long-term stability and value appreciation.

 

District 18, Map 21, Parcel 1.5

District 18, Map 12, Parcel 50

Terms of Sale

This Auction shall proceed first by the below listed Successor Trustee commencing the sale and reading this Notice

of Sale. Joe R. Pyle Complete Auction and Realty Service (“Auctioneer”) will then solicit bids on behalf of the

Successor Trustee. Bidding shall commence in person and online at the following online auction site:

www.joerpyleauctions.com. Bidders may pre-register in advance of the Auction, and may bid in advance of the

Auction, online at www.joerpyleauctions.com. Bidding will continue until no further bids are entered and the

successful highest and best bidder (the “Winning Bidder”) has been announced.

At the completion of the Auction on October 14, 2026, the Winning Bidder will be required to sign, either

electronically or in person, the Successor Trustee Sale Contract. A form of the Successor Trustee Sale Contract will

be posted online at www.joerpyleauctions.com prior to the Auction. The Winning Bidder shall be required to close

on the Property within thirty calendar days of the Auction (on or before November 13, 2026).

The Winning Bidder will be required to pay a fee (the “Buyer’s Fee”) of ten percent (10%) of the highest bid. The

high bid plus the Buyer’s Fee shall be referred to as the “Winning Bid”. The Buyer’s Fee will be due immediately

following the announcement of the Winning Bid, and shall be paid by the Winning Bidder to the Auctioneer via

cashier’s check or wire transfer. The Buyer’s Fee: (a) is not a deposit; (b) will not be credited towards the purchase

price of the Property; and (c) will not be refunded to the Winning Bidder in the event the Winning Bidder fails to

close or chooses not to close on the Property.

The Winning Bidder will also be required to pay a non-refundable deposit (the “Deposit”), which shall consist of

ten percent (10%) of the high bid to the Successor Trustee via cashier’s check or wire transfer immediately

following the announcement of the Winning Bid. The Deposit will either be: (a) credited towards the purchase

price at closing; or (b) forfeited to the Beneficiary upon default of the Winning Bidder by failure to close on the

Property within thirty days of the Auction, or by the Winning Bidder’s breach of any term, condition, or obligation

set forth in the Successor Trustee Sale Contract.

The Winning Bidder’s failure pay the Buyer’s Fee or the Deposit, failure to close this sale within thirty

calendar days of the Auction, or breach of any term, condition, or obligation set forth in the Successor Trustee Sale

Contract, shall, at the option of Beneficiary, be cause for rejection of the bid, and if the bid is rejected, Beneficiary

shall have the option of directing the Successor Trustee to sell the Property to the Backup Bidder, as defined

below.

The second highest bidder at the auction will be deemed the “Backup Bidder” for the sale and said bid (the

“Backup Bid”) will be deemed non-revocable. The Backup Bidder will be required to execute a “Backup Contract”

at the completion of the Auction. The Backup Bidder will be required to post a deposit in the amount of $50,000.00

(the “Backup Deposit”) to the Successor Trustee by cashier’s check or wire transfer immediately following the

announcement of the Winning and Backup Bids. If the second highest bidder declines to sign the Backup Contract,

the Successor Trustee may, in his sole and absolute discretion, elect to select another Backup Bidder who shall sign

the Backup Contract and submit the $50,000.00 Backup Deposit. If the closing on the Winning Bid by the Winning

Bidder fails to occur, the Backup Bidder shall become the Winning Bidder and will be required to submit the

balance of the Deposit to the Substitute Trustee (that is, the Deposit, less the $50,000.00 Backup Deposit), and the

Buyer’s Fee to the Auctioneer, and shall close within twenty (20) calendar days of being notified of being the new

Winning Bidder. The Backup Deposit shall either: (a) be returned to the Backup Bidder within two (2) business days

of the successful closing of the Winning Bid by the Winning Bidder; or (b) if the Backup Bidder becomes the

Winning Bidder, as set forth above, then the Backup Deposit shall be credited towards the purchase price of the

Property at closing. If the Backup Bidder becomes the Winning Bidder and thereafter fails to timely close on its

Backup Bid under the sale terms and conditions set forth in the Backup Contract, then the Backup Bidder shall

forfeit the Backup Deposit and the Buyer’s Fee.

The proceeds derived from the sale of the Property will be applied as provided for in said Deed of Trust and are

made a part hereof as if set forth verbatim herein.

The Beneficiary shall have a right to bid at the Auction. The sale shall be subject to the following:

a. any unpaid taxes against the Property;

b. any recorded easements, conditions, covenants, rights-of-way or subdivision plats affecting the property;

c. any dedication of roads affecting the property and any governmental zoning and subdivision ordinances

or regulations in effect; and

d. any prior or superior liens, judgment, deeds of trust or other interests of record, together with any and all

fees, per diem, and interest associated therewith; and

e. the rights, if any, of parties in possession.

The above-described real estate will be conveyed by the undersigned Successor Trustee by deed without

warranty of any kind, express or implied, and the purchaser shall be responsible for all transfer stamps, recording

fees, and other closing costs.

All announcements at the sale on the date of the sale will take priority over this notice. Additional announcements,

terms, and conditions may also be posted on the online auction site.

CONTINUANCE OR ADJOURNMENT OF SALE

The undersigned Successor Trustee reserves the right to continue the sale or to adjourn the sale for a time

or from time to time without further notice other than oral public announcement at the time and the place of sale

as hereinabove set forth or at any continuance or adjournment thereof.

Any questions regarding the sale should be directed to the undersigned at:

James M. Davis, Esq.

1600 Laidley Tower

P.O. Box 553

Charleston, West Virginia 25322-0553

Phone: (304) 340-1031

JOE R. PYLE COMPLETE AUCTION & REALTY SERVICE

(888) 875-1599

5546 Benedum Drive Shinnston West Virginia 26431

www.joerpyleauctions.com

Joe R Pyle WV212

Charlotte Pyle WV2174

Alan Heldreth WV2224

Jordan Kiger WV2246

Bob Stewart, Jr WV825

Bob Stewart, III WV1292

Todd Short WV1649

Tia Wolski WV2351

Ethan Moore WV2354

Taylor Ramsey WV2352

Nick Dawkins WV2410

Bud Shingleton WV1956

Colton McCown WV2463

Garrett Wilkerson WV2541A

Thomas Heldreth WV2520A

John Powell WV2481A

Taylor Self WV2521A

Kevin Zakariasen WV2482A

Brooke Patterson WV2536A