Student Housing - Cottages on the Pointe 2 Biens Vente aux enchères en ligne Indiana, PA

Valuable acquisition of student housing and a surface parking lot near the Indiana University of Pennsylvania (IUP) campus in Indiana, Pennsylvania, a part of the Greater Pittsburgh-New Castle-Weirton combined statistical area. 690 School Street presents to the market a 121-bed, two-story townhouse asset renowned as Cottages on the Pointe, standing at 100,000 square feet spanning across 10 buildings, paired with ample on-site parking. 801 Wayne Avenue offers a 0.45-acre surface parking lot adjacent to the reputable institution and within walking distance of the student housing included in this portfolio sale. Indiana University of Pennsylvania recently saw an enrollment of over 9,000 students, experiencing a higher retention rate than in previous years. This acquisition offers a new investor the opportunity to generate excellent revenue through individual bed lease-ups through the academic years and opportunities to generate further profitability by offering diverse paid parking options at the parking lot close to campus.

Ideally surrounding the properties is a growing community of 27,736 residents living within a 3-mile radius who earn a considerable average household income of more than $70,000. This encompassing population has risen by an annual 1.4% from 2020 to 2024 and is expected to continue growing year over year from 2024 to 2026. These residents have a high spending power of over $294 million annually and live in a rent-centric area, with 53% of the neighborhood residing in renter-occupied households.

Within a 3-mile radius, numerous amenities encircle 690 School Street and 801 Wayne Avenue, providing ultimate convenience for future tenants, visitors, and parking patrons. International and nationally known nearby businesses include Walmart Supercenter, Aldi, Dollar General, Starbucks, Chick-fil-A, McDonald’s, Subway, Dunkin’, Martin’s, T.J. Maxx, Staples, and many more.

Take advantage of these well-positioned properties in a prominent college town, home to a desirable four-year public university. A new owner can discover exceptional value through the portfolio at Cottages on the Pointe and the nearby lot and produce great profitability through lease-up strategies and dynamic parking plans.

Property tours are available by appointment only. Please contact the broker to schedule.