434 & 440 College Avenue, State College, PA 16801

$3,690,000
7,566
SqFt

Property Description

Two buildings for sale - 434 & 440 W College Ave. in Urban Village zoning district, only one block to Penn State campus. 434 - 3 story brick rooming house w/ 8 bedrooms, 3 bath, leased to 9 till Aug 2022 for $7,000/mo, permitted for 12 occupants, potential increase in revenue possible. Plus 7 parking space for $5,075/yr. #440 - modified / built in 2009, 1st floor has two units, 1) 827 sq.ft. of commercial space, market rent $1,600/mo NNN (vacant) and 2) 4 BR 1.5 Bath permitted for 5, currently rented for 3,150/mo. 2nd floor is a 7 BR 3 Bath apartment permitted for 9, rented for $6,750/mo. 12 parking space, 10 rented for $2,550/mo Detail attached. Detail info with APOD in documents.

Courtesy of Shirley Hsi and RE/MAX Centre Realty, 8148838270

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