1005 Wayne Ave - Dormitory FOR SALE


Indiana, PA 15701
$2,100,000 USD
412-535-5755
1005 Wayne Ave, Indiana, PA for Sale
$2,100,000 USD
Dormitory - FOR SALE
1/1
null | Request Cap Rate

1005 Wayne Ave
Indiana, PA 15701


HIGHLIGHTS

  • 1005 Wayne Ave. sits directly next to Indiana University of Pennsylvania (IUP), offering walkable access to campus and nearby athletic facilities.
  • 1005 Wayne Ave. has demonstrated a strong and stable leasing history, consistently maintaining high occupancy rates year over year.
  • 59 on-site parking spaces
  • All new furniture in 2019

OVERVIEW

SVN Three Rivers Commercial Advisors is pleased to present 1005 Wayne Ave., a 38-unit, 87-bed student housing opportunity. Ideally situated just steps from the Indiana University of Pennsylvania (IUP) campus, this well-positioned portfolio offers 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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

38

PRICE/UNIT

$55,263

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

24-007-313

ASK ABOUT THIS PROPERTY

Keane GeorgeSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Keane GeorgeSVN - Three Rivers Commercial AdvisorsMore Info
412-535-5755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.