For Sale
$4,750,000

112 College AveGreensburg, PA 15601

Prime Student Housing, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity consists of two student housing properties in Greensburg, Pennsylvania, totaling 36 units and 41,600 square feet. The portfolio includes 112 College Ave, a 27-unit, 32,000 square foot building constructed in 2018 and currently 100% occupied. This building is in excellent condition. The second property, located at 13 N Maple Ave, comprises 8 units and presents a value-add opportunity through potential renovations and rent increases. Both properties benefit from a desirable location near three universities, ensuring strong rental demand. The asking price is $4,750,000, representing a price per square foot of $126.20 and a 6.10% cap rate. The properties are offered as a 1031 exchange opportunity. Built in 2018, the portfolio offers a blend of immediate income generation and future upside potential. The properties are classified as Class B multifamily and are situated in Westmoreland County, PA, zip code 15601.

Highlights

  • $4,750,000 asking price for a portfolio of two student housing properties.
  • Multifamily property totaling 36 units and 41,600 square feet.
  • Class B construction, built in 2018, with two buildings.
  • Located in Greensburg, PA, near three universities.
  • Excellent condition, with one building 100% occupied; the other offers value-add potential.
  • 6.10% cap rate and $126.20 price per square foot.

Property Details for 112 College Ave

Property type
Dormitories, Student housing
Square Feet
41,600 SF
Class
B
Year Built
2018
Buildings
2
Units
36

Location Insight

City
Greensburg
County
Westmoreland
State
Pennsylvania
Latitude
40.3033677
Longitude
-79.5478091
112 College Ave, Greensburg, Pennsylvania

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112 College Ave
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