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    950 Klondyke Ave

    Indiana Boro - Ind, PA 15701
    • $1,300,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 1492947
    UPDATED: 148 min ago
    $1,300,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1987
    County:

    School Ratings & Info

    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.

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    © 2021 West Penn Multi-List, Inc. All Rights Reserved. INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-05-12T04:23:30.613.
    www.dtumpa.com/homes/115812865
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    950 Klondyke Ave Indiana Boro - Ind, PA 15701

    • Price: $1,300,000
    • Status: Active
    • Updated: 148 min ago
    • MLS #: 1492947
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1987
    Built
    County:
    Indiana
    Area:
    Indiana Boro - Ind
    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.
    Exterior Features

    Construction Materials Frame Lot Size Dimensions 0.1561

    Property Features

    Insurance Expense 11899 Net Operating Income 112185 Parking Total 6 Property Sub Type Apartment Tax Annual Amount 24329 Tax Assessed Value 942000 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Zoning Description C

    Courtesy of Coldwell Banker Real Estate. © 2021 West Penn Multi-List, Inc. All Rights Reserved. Information Deemed Reliable But Not Guaranteed.


    © 2021 West Penn Multi-List, Inc. All Rights Reserved. INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-05-12T04:23:30.613.
     
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