843-877 Southgate Drive, State College, PA 16801

$2,200,000
Sold Price
$2,200,000
List Price
$2,400,000
Closing Date
Feb 15, 2024
Status
CLOSED
MLS#
PACE2504828
Acres
1.90
Year Built
1984
Subdivision
Pheasant Run
School District
State College Area
Days on Market
159

Property Description

Attention Investors! Looking to add to your portfolio? Check out Pheasant Run Townhomes, consisting of 18 fully rented units on 1.90 acres within the State College Borough backing to Orchard Park. Well-maintained units with a strong rental history. Built in 1984 & owned by current owners since 1996, there are Six 3 bedroom units & Twelve 2 bedroom units. Each unit boasts heat pumps & central air. Large off street paved/lighted parking area. Beautiful lush mature landscaping offering a private setting within the Borough. On the CATA Bus Route, close to downtown State College, schools, shopping, plenty of restaurants, YMCA & less than 3 miles to Penn State University. Professionally managed by Continental Real Estate allowing less headaches & worry for an investor. All roofs were replaced in 2010. THERE IS AN ASSUMABLE LOAN for qualified buyers.

Additional Information

Taxes
$22,467
Lot Size
82,764
Neighborhood
Pheasant Run
School District
State College Area
Heating
Heat Pump(s)
Cooling
Central A/C
Roof
Shingle
Sewer
Public Sewer
Water
Public
Listing Agent
Ryan S Lowe

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Listing courtesy of RE/MAX Centre Realty. Contact: (814) 231-8200

Listing courtesy of Listing Agent: Ryan S Lowe (ryan@loweteam.com) from Listing Office: RE/MAX Centre Realty.

Selling Office: .