MLS Number:
164166
Property Type:
Multi-Family
List Price:
$3,885,000
Street #:
110
Street Name:
Grand Avenue
City:
Clarion
State:
PA
Zip Code:
16214
County:
Clarion
Apx Lot Size:
IRR
Lot SqFt:
Apx Acres:
2.399
Zoning:
Variable
Clean and Green:
No
Restrictive Covenants:
Unknown
Tax Location:
Clarion Boro
Tax Map #:
05-050-014-000-00
Taxes:
32439
# Units:
26
# Levels:
2
SqFt-Total:
50000
Year Built:
1900
Water Softener:
No
Water Expense:
0
Rent Includes:
Call Agent
Unit3 Refrigerator:
Exterior:
Multiple
Roof:
Composition, Metal
Basement:
Crawl Sapce, Finished, Full, Partial, Walk-Out Acess
Heat:
Baseboard, Electric, Forced Air, Hot Water, Natural Gas
Cooling:
Central Air, Other
Water:
Public
Sewer:
Public Sewer
Features:
Cable TV Available, High Speed Internet, Main Level Bedroom
OGMT:
None
Public Remarks:
Rare Student Housing Investment Portfolio! Exceptional opportunity to acquire a turnkey, 50 year portfolio of 13 strategically located properties serving PennWest University. This established investment includes 89 bedrooms, 32 full baths, and 5 half baths with a proven history of stable occupancy and consistent cash flow. The sale includes the real estate, personal property, established website, signage, and a well-recognized student housing brand. Historically offering an estimated 9.7% cap rate based on current operating performance and asking price, this portfolio offers investors an established business with immediate income potential and long-term stability. Properties are conveniently located near campus, providing strong rental demand year after year. A rare opportunity to acquire a professionally operated student housing portfolio with an established reputation. Financial information available to qualified buyers upon execution of a confidentiality agreement.
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