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20 S 6th St
Indiana, PA 15701

Penn Towers Apartments · Residential Property For Sale · 38 Units

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Executive Summary

Opportunity to acquire a prime value-add mixed use building in the heart of Indiana that includes parking lot.Within a couple minutes walk to Indiana University of Pennsylvania's campus, you have the ability to rent to students and non-students alike.

PROPERTY FACTS Under Contract

Price Per Unit	£29,529	Lot Size	0.14 AC
Sale Type	Investment	Building Size	29,995 SF
No. Units	38	Average Occupancy	56%
Property Type	Residential	Number of Floors	5
Property Subtype	Apartment	Year Built	1970
Apartment Style	Mid Rise	Parking Ratio	1.27/1,000 SF
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	£29,529
Sale Type	Investment
No. Units	38
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.14 AC
Building Size	29,995 SF
Average Occupancy	56%
Number of Floors	5
Year Built	1970
Parking Ratio	1.27/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Heating

Kitchen

Oven

Range

Site Amenities

On-Site Retail

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	16	-	290
1+1	16	-	550

PROPERTY TAXES

Parcel Number	23-001-209.00	Improvements Assessment	£826,186
Land Assessment	£48,090	Total Assessment	£874,276

PROPERTY TAXES

Parcel Number

23-001-209.00

Land Assessment

£48,090

Improvements Assessment

£826,186

Total Assessment

£874,276

zoning

Zoning Code	C1 (Retail Business & Commercial)
C1 (Retail Business & Commercial)

Listing ID: 31765477
Date on Market: 10/05/2024
Last Updated:
Address: 20 S 6th St, Indiana, PA 15701

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