824 Elmwood St, State College, PA 16801
- $875,000
- 7,680
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- Days on Market
- 143
- MLS#
- PACE2517818
- Style
- Traditional
- Year Built
- 1937
- Living Area
- 7,680
- Lot Size
- 50,965
- Acres
- 1.17
- Subdivision
- Lemont
- Neighborhood
- Lemont
- MLS Area Major
- College Twp (16419)
Property Description
Secure a high-performance asset in the heart of Happy Valley. This 1.17-acre creek-front property features two income-producing duplexes (4 units total) with guaranteed cash flow through July 31, 2026. The Investment at a Glance: • Total Monthly Revenue: $5,725 ($68,700 Gross Annual) • Proven Stability: 100% occupied with all leases secured through Summer 2026 • Low Maintenance: Rear duplex features a brand-new shingle roof (2025) • Prime Location: Minutes to Penn State University, Lemont, and Rt. 322. Backs directly to Spring Creek Property Breakdown: • 824 & 828 Elmwood: All-brick duplex featuring two spacious 5BR/2BA units with covered porches, private basements, and a separate laundry room located in the rear of the building. Combined rent: $3,275/month. • 830 & 832 Elmwood: Wood-sided duplex featuring one 1BR unit and one 4BR unit. Combined rent: $2,450/month. Rarely does a property combine this level of acreage, water views, and turnkey rental history in the State College market. Don’t miss this opportunity to add a strong performing asset to your investment portfolio.
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Additional Information
- Interior Features
- Attic, Built-Ins, Wood Floors
- Taxes
- $7,200
- Property Description
- Traditional
- Zoning
- V
- Flooring
- Hardwood, Vinyl, Laminated
- Heating
- Hot Water
- Air Conditioning
- None
- Stories
- 4
- Roof
- Shingle
- Foundation
- Other
- Parking
- Asphalt Driveway
- School District
- State College Area
- Number Of Units
- 4
- View
- Creek/Stream, Trees/Woods
Listing courtesy of Prime Realty Services. Contact: 7173052600