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845 MAPLE ST. & 972 WAYNE AVE. 2 Multifamily Properties Offered at $2,329,340 CAD in Indiana, PA
Investment Highlights
- 26 units, 57 beds
- (24) 2BR units, (1) 4BR unit, (1) 5BR unit
- Campus adjacent location
- 73 on-site parking spaces
- All new furniture in 2019
- Consistent strong occupancy
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 845 Maple St & 972 Wayne Ave, a 26 unit, 57 bed student housing portfolio for sale. Ideally situated just steps from the Indiana University of Pennsylvania (IUP) campus, these well positioned properties offer immediate access to campus life while delivering strong fundamentals for student housing investors.
Constructed between the 1980s and 1990s, each unit features fully equipped kitchens, updated furnishings, and on-site parking. Current rental rates are positioned below market, creating a competitive advantage that appeals to students seeking affordability in a prime location. This offers investors an opportunity for rental upside while benefiting from a highly sought-after location adjacent to a major university.
Constructed between the 1980s and 1990s, each unit features fully equipped kitchens, updated furnishings, and on-site parking. Current rental rates are positioned below market, creating a competitive advantage that appeals to students seeking affordability in a prime location. This offers investors an opportunity for rental upside while benefiting from a highly sought-after location adjacent to a major university.
Property Facts
| Price | $2,329,340 CAD | Number of Properties | 2 |
| Price / SF | $73.28 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 31,789 SF |
| Status | Active | Total Land Area | 0.90 AC |
| Price | $2,329,340 CAD |
| Price / SF | $73.28 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 31,789 SF |
| Total Land Area | 0.90 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 845 W Maple St, Indiana, PA 15705 | Multifamily | 20,602 SF | 1980 | - |
| 972 Wayne Ave, Indiana, PA 15701 | Multifamily | 11,187 SF | 1980 | - |
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Contacts
-
Keane George -
Bryan Donaldson -
Perry Nickleach -
Chase Takacs -
SVN - Three Rivers Commercial Advisors
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845 MAPLE ST. & 972 WAYNE AVE.
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