Calling all investors or 1st time buyers - Don't miss out on this opportunity to expand your rental portfolio and own this rare State College duplex! This property includes 1 acre of wooded land off the peaceful Rock Road, with tons of parking space on the long paved driveway. It is located within minutes of downtown State College, Mt. Nittany Hospital, and Penn State. Unit 1003 has been completely renovated with beautiful vinyl plank flooring throughout, a brand new kitchen with solid wood cabinetry, stylish countertops, stainless steel appliances, fresh paint, and ductless ceiling mini split cooling installed throughout. This side also boasts 4 bedrooms and 1.5 bathrooms and is currently not rented. Buy it before a new tenant is found and you could easily live in this half of the property while continuing to rent the other side for income. Unit 1001 is currently rented and has 3 bedrooms and 1.5 bathrooms. This side is as similar layout without the 4th bedroom in the lower level and in its place is a family room. It has not been fully updated but is in good condition and no air conditioning. Both units have 1-car garages, laundry hook ups, rear decks, and front porches. A new 16x40 shed in the rear of the property gives the owner room to store lawn maintenance equipment or rent to tenants. Expenses on this property are kept low and convenient with the private well and septic system. Showings begin on Friday, 24 hours notice for tenant occupied side required.
FOUR (4) UNIT INVESTMENT PROPERTY near Penn State University, the Village of Lemont, and downtown State College. Ideal for investors or an owner-occupant seeking affordable living — live in one unit and lease the other three. Situated on a 0.34-acre lot, the property includes two duplex-style buildings: Units 829 Suite A and Suite B are charming one-bedroom apartments, 831 is a meticulously kept two-story, two-bedroom apartment, and 833 is a large one-bedroom apartment with a formal living room, fireplace, a sunroom, and a porch. All units are leased through 2026. With some renovation, an older attached garage offers potential for added storage or another income stream. With strong rental demand and room for future rent increases, this property presents an excellent long-term investment. 24 Hour Notice Required so schedule your showing today!
This is an auction property! The auction will take place live at the property on Thursday, August 19th @ 6:30pm. The price listed is not in any way the sale price and being an auction the property may sell for less or may sell for more on auction day. There are many possibilities for this well situated property. Live in the 3 bedroom, and rent the 1 bedroom. Rent both units, or have mother-in-law apartment to keep family close by. Unit one is a 3 bedroom 2 bath, with approximately 1000 sq. ft.. The second unit is 500 sq. ft. one bedroom and one bath. There is also a large utility storage area between the two units. Roof was replaced recently. The home was originally built approx. 1950, and the large addition was built in the 1990's. Both units have electric baseboard heat, and electric domestic hot water. Two refrigerators and one stove remain, and will transfer with the real estate. 200 amp electric service. Anyone interested in this opportunity is strongly encouraged to come to one of the open house times and make your plans. Open house dates are: Sunday, August 3rd from 1:00-3:00pm, Sunday, August 10th from 1:00-3:00pm. Buyer pays the 2% state transfer tax at settlement.
State College is located in Pennsylvania. State College, Pennsylvania has a population of 40,352. State College is more family-centric than the surrounding county with 31.73% of the households containing married families with children. The county average for households married with children is 30.96%.
The median household income in State College, Pennsylvania is $43,015. The median household income for the surrounding county is $64,995 compared to the national median of $69,021. The median age of people living in State College is 21.5 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 41.2 inches per year, with 44.5 inches of snow per year.
