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.
PRIME LOCATION
1005 Wayne Ave. sits directly next to Indiana University of Pennsylvania (IUP), offering walkable access to campus and nearby athletic facilities. The property is surrounded by restaurants, shopping, and essential services, with IndiGo bus stops within walking distance for convenient transit throughout Indiana and IUP.
CONSISTENT STRONG OCCUPANCY
1005 Wayne Ave. has demonstrated a strong and stable leasing history, consistently maintaining high occupancy rates year over year. The property has achieved impressive pre-leasing velocity for upcoming academic terms, reflecting sustained demand and operational stability.