100 7Th StIndiana, PA 15701

Property Details for 100 7Th St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

2,536 SF

Property type

Investment properties

Property subtype

Live-work space

APN

24-003-523

APU

24003523

Description

This well-maintained commercial building at 100 S 7th St, Indiana, PA, presents a unique investment opportunity. Boasting excellent visibility and a strong rental history, the property offers a blend of income-generating spaces. The first floor is currently leased as professional office space, providing a consistent revenue stream. The second floor comprises two spacious apartments, each offering comfortable living arrangements. One apartment features three bedrooms, while the other boasts four bedrooms. Both apartments are sold fully furnished and equipped with all appliances, simplifying the transition for new tenants. The building also includes a full basement, providing ample storage space. Convenient street parking is available, and the location is highly desirable, situated just one block from Philadelphia Street and within easy reach of the Indiana University of Pennsylvania (IUP) campus, ensuring a steady stream of potential tenants. The roof was replaced approximately 15 years ago, minimizing immediate maintenance concerns. The property sits on a 0.06-acre lot. This versatile property is priced at $325,000 and offers a compelling combination of office and residential income potential, making it an attractive investment for discerning buyers. The building's prime location and established rental history make it an ideal addition to any investment portfolio. The current lease on the first floor provides immediate cash flow, while the furnished apartments offer ease of management and quick occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $541,072

  6.5%

  $499,451

  7%

  $463,776

• Comparable approach

  Method

  Valuation

  Relative Method

  $259,020

  Geo Method

  $507,048

• Alternative Use

  Use

  Valuation

  Residential

  $619,319

  Hospitality

  $567,293

  Educational

  $471,981

  Medical

  $488,213

  Retail

  $734,193

Location Insight

City

Indiana

County

Indiana

State

Pennsylvania

Latitude

40.6215

Longitude

-79.1536

CBSA code

26860

CBSA name

INDIANA, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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