100 Grove Ln

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Address: 100 Grove Ln, Indiana, Pennsylvania, US
Created date: February 20, 2024
Date last updated: April 5, 2024
  • Location - Aspen and Elm are situated on a private road a mile from Indiana University of Pennsylvania’s campus. The properties are locate along the IndiGo bus route, in a quiet but centrally located area.
  • Student & Market Tenants - This asset has the flexibility to lease to both market rate and students.
  • Amenities, Amenities, Amenities! - The amenity package offered at Aspen and Elm is unlike any opportunity in Indiana. Tenants at all Traverse Commons locations have access to amenities including a resort style pool, fireplace, sand volleyball, free printing and a bistro cafe.
  • Rare Opportunity - SVN is offering a rare opportunity to purchase a turnkey complex offering 1000+ bed in one, central, location near a state university.

Property Description

SVN Three Rivers Commercial Advisors is pleased to present Aspen by Traverse Commons & Elm by Traverse Commons. Aspen and Elm are A class properties comprised of 391 units with 1,011 beds combined. Built in 2012, Aspen sits on 18 acres of land. Elm was constructed in 2001 on nearly 16 acres. The properties are a blend of both student housing and market rate tenants and are currently leased with 61% market rate and 89% total occupancy. The buildings consist of 1,2,3, and 4 bedroom units finished with top of the line modern designs and furnishings. Every unit is equipped with in-unit washer and dryers. Aspen and Elm leases include cable and trash in the cost of the rent. The Aspen property has second to none amenities, which include a resort style pool, clubhouse, 24 hour fitness center, tavern style game room, computer lab, sand volleyball court, basketball court, grilling area with a fireplace, indoor tanning beds, and a coffee bistro. You will not find a better amenity package in Indiana. Elm, located a stone’s throw away from Aspen, has full access to all of these amenities. Aspen and Elm are only a mile from IUP’s campus and short distance away from the bustling Philadelphia Street, a major retail corridor in Indiana. The properties are conveniently located on a public bus line for easy access to all that Indiana, PA has to offer. These two properties are truly one of a kind. The 2024-2025 preleasing is ahead of 2023-2024.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
No. of Units: 391
Lot Size: 16.11 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 100 Grove Ln, Indiana, PA 15701, USA
Provided by:

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