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950 Klondyke Ave Indiana, PA 15701
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Key Details
Sold Price $380,000
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1492947
Sold Date 11/01/21
Originating Board WESTPENN
Year Built 1987
Annual Tax Amount $24,329
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 0.1561
Property Description
Rental activity is picking up for the 2021-2022 school year - great time to buy with a projected cap rate of 6-7% at full occupancy. One block from Campus & Philadelphia St. Location is key for students. Don't miss out on this fantastic opportunity to generate additional income. Two-Story 6 Unit Apartment Building - 3 Units on 1st floor & 3 Walk-up Units on 2nd. Each unit consists of 4 generous sized Bedrooms, 1 Full Bath, Living Rm, Dining Rm, Kitchen & in-unit Washer/Dryer. (24 Bedrooms Total) Rent charged per Bedroom. One unit was recently renovated & offers updated Kitchen & Walk-in Closet in one of the 4 Bedrooms. Additional Income Potential from the included 6 Parking Spaces providing off-street parking for tenants. Units are partially furnished for tenants' needs (ie mattress, dining rm tables, etc.) Perfect for students or medical residencies in the area. Great Proximity to all Recreation Near IUP campus. Great Rental History for 30 yrs up until 2018-2020.
Location
State PA
County Indiana
Area Indiana Boro - Ind
Zoning C
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Total Parking Spaces 6
Building
Structure Type Frame
Others
Financing Seller Financing
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Bought with Ouside Offices NOT Subscribers
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