434 & 440 College Avenue, State College, PA 16801

$2,990,000
7,566
SqFt
List Price
$2,990,000
Price Change
▼ $260,000 1669236914
Status
ACTIVE
MLS#
74738
Sq. Ft
7,566
Acres
0.34
Subdivision
State College Boro
School District
State College

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 2023 for $7,000/mo, permitted for 12 occupants, potential increase in revenue possible. Plus 7 parking space for $5,075/yr. #440 - a 3 unit building, modified / built in 2009, 1st floor has two units, 440A - 827 sq.ft. of commercial space, market rent $1,600/mo NNN (vacant) and #440-1 has 4 BR 1.5 Bath permitted for 5, currently rented for $3,150/mo. 2nd floor #440-2 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.

Additional Information

Taxes
$25,678
Style
Apartments, Other
School District
State College
Heating
Heat Pump, Hot Water
Cooling
Window, Central
Roof
Brick
Sewer
Paved
Water
Public Sewer

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

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