724-272-4225
657 Pratt Dr, Indiana, PA for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

657 Pratt Dr
Indiana, PA 15701


HIGHLIGHTS

  • Optimized Individual Leasing Structure: The Commons on Pratt operates on an individual studio/bed lease structure across multiple floor plans.
  • This model generates maximized rental yield per square foot while maintaining accessible price points for IUP students.
  • Recent capital improvements, including a new roof, upgraded high-speed Wi-Fi, fresh exterior/interior paint, new carpet, and vinyl plank flooring
  • On-site amenities feature an expansive fitness center, common area kitchens, shared lounges, and full laundry facilities
  • Situated directly across Pratt Drive from the IUP Eberly College of Business and adjacent to the Kovalchick Convention and Athletic Complex (KCAC)
  • Value-add potential exists for new ownership to build upon current interior renovations, driving rent growth and stabilizing long-term occupancy

OVERVIEW

SVN | Three Rivers Commercial Advisors is pleased to present for sale The Commons on Pratt, a student housing property located at 657 Pratt Dr in Indiana, PA. Tenants are responsible for electricity. Landlord covers water, sewer, gas, trash removal, and internet services. All units are fully furnished with a bed frame, mattress, dresser, desk, and chair. There is a kitchen located on each floor and shared bathrooms available for the shared bath units. The property boasts an exceptional location directly adjacent to the Indiana University of Pennsylvania (IUP) campus, placing students steps from academic buildings, the Kovalchick Convention and Athletic Complex (KCAC), and downtown Indiana’s dining and retail corridor. Serving IUP’s student population, The Commons on Pratt offers investors a prime location with strong historical demand in a key western Pennsylvania university market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

134

CAP RATE

Request Cap Rate

% LEASED

53%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commons on Pratt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1968

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

-

APN/PARCEL ID

42-015-116.01A

ASK ABOUT THIS PROPERTY

Bryan DonaldsonSVN - Three Rivers Commercial AdvisorsMore Info
724-272-4225

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Bryan DonaldsonSVN - Three Rivers Commercial AdvisorsMore Info
724-272-4225

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