657 Pratt Dr | Indiana, PA 15701
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- LoopNet Team
657 Pratt Dr
Indiana, PA 15701
Student Housing | The Commons on Pratt · Multifamily Property For Sale
·
134 Units
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity: Investors can continue current ownership’s interior improvements to maximize rents and stabilize occupancy.
- Well Maintained Asset: The Property has been well maintained creating an outstanding opportunity to acquire a quality asset at an attractive basis
- Acquisition Below Replacement: The Commons on Pratt is a prime acquisition target for student housing buyers, as development prices continue to rise
- Immediately adjacent to the IUP campus: Eberly College of Business across the street & the Athletic Center, Health Center, dining hall & more
PROPERTY FACTS
| No. Units | 134 | Building Size | 134,000 SF |
| Property Type | Multifamily | Average Occupancy | 53% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1968/2017 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 1.14 AC |
| No. Units | 134 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 134,000 SF |
| Average Occupancy | 53% |
| No. Stories | 4 |
| Year Built/Renovated | 1968/2017 |
| Parking Ratio | 1.91/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wi-Fi
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Tenant Controlled HVAC
- Gameroom
- Public Transportation
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 42-015-116.01A | Improvements Assessment | $1,647,000 |
| Land Assessment | $303,000 | Total Assessment | $1,950,000 |
PROPERTY TAXES
Parcel Number
42-015-116.01A
Land Assessment
$303,000
Improvements Assessment
$1,647,000
Total Assessment
$1,950,000
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