Overview
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.
Investment Highlights
PRIME LOCATION
845 Maple St. & 972 Wayne Ave. sit 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
The properties have 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.
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