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570-748-8550
Real Estate Company
820 S Pugh St, State College, PA 16801
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE
- Days on Market
- 102
- Price Change
- ▼ $100,000 1787866238
- MLS#
- PACE2519900
- Subtype
- Commercial Sale
- Year Built
- 1940
- Lot Size
- 8,276
- Acres
- 0.19
- Subdivision
- State College Boro
- MLS Area Major
- State College Boro (16436)
Property Description
Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.
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Additional Information
- Taxes
- $6,430
- Zoning
- R3H
- Flooring
- Tile, Hardwood
- Heating
- Electric Baseboard, Baseboard, Forced Air
- Air Conditioning
- None
- Roof
- Shingle
- Foundation
- Block, Stone
- Parking Features
- Paved
- School District
- State College Area
Listing courtesy of Kissinger, Bigatel & Brower. Contact: