100 7th St Indiana, PA 15701-2739
- Investment properties
- 2,536 SF
- 0.06 lot acres
Current Use by Public Records
- Montgomery V. Bell, Attorney at Law / Real Estate Attorney / Business Attorney
- Complete Closings, LLC / Title Company
- Community Resources / Charity
- Haberl, Buell, Rice & Bell PLLC / Real Estate Attorney / Law Firm
Property Details for 100 7th St
- Year built
- 1920
- Lot size
- 0.06 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $210,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $175,000
- Mixed-Use
- $210,000
- Hospitality
- $220,000
- Educational
- $195,000
- Residential Income
- $180,000
- Energy
- $165,000
- Income-Based Land
- $205,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- Indiana
- County
- Indiana
- State
- Pennsylvania
- Longitude
- -79.1536
- Latitude
- 40.6215
- CBSA code
- 26860
- CBSA name
- INDIANA, PA MICROPOLITAN STATISTICAL AREA
