434 & 440 W College Ave, State College, PA 16801
- $2,990,000
- List Price
- $2,990,000
- Status
- ACTIVE
- MLS#
- PACE2012100
- Year Built
- 1975
- Subdivision
- State College Boro
- School District
- State College Area
- Days on Market
- 315
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, $7,290 for 2023/24, 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. $3,320 for 2023/24, 2nd floor #440-2 is a 7 BR 3 Bath apartment permitted for 9, rented for $6,750/mo. $7,425 for 2023/24, 12 parking space, 10 rented for $2,550/mo. Detail info with APOD in documents.
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Additional Information
- Neighborhood
- State College Boro
- School District
- State College Area
- Heating
- Heat Pump(s), Hot Water
- Cooling
- Window Unit(s), Central A/C
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- Listing Agent
- Shirley Hsi
Listing courtesy of RE/MAX Centre Realty. Contact: (814) 231-8200