State College, PA 16803,125 W PARK AVE
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$ 750,000
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125 W PARK AVE State College, PA 16803


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Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,250 sqft

Price per Sqft $230

Subdivision College Heights

MLS Listing ID PACE2513872

Style Other

Abv Grd Liv Area 2,500

Originating Board BRIGHT

Year Built 1926

Annual Tax Amount $5,803

Tax Year 2025

Lot Size 9,148 Sqft

Acres 0.21

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Property Description

Welcome to this prime investment opportunity! This fully rented boarding house is conveniently located across the street from campus, offering unmatched accessibility. No student rental permit is required since the property is a boarding house, making it a hassle-free addition to your portfolio. Don't miss this rare chance to own a high-demand property in an unbeatable location!

The building consists of 9 units:
1st floor - 3 bedroom, 1 bath apartment with a private bathroom and kitchen (unit 1).
2nd floor front - 2 boarding rooms (units 4&5) with a shared kitchen and bathroom.
2nd floor rear - 3 boarding rooms (units 8, 9, & 10) with a shared kitchen and bathroom.
3rd floor - 2 boarding rooms (units 6 & 7) who use a 2nd floor kitchen and bathroom).
Basement - 1 bedroom, 1 bathroom apartment with a private bathroom, kitchen, and separate entrance (unit 11).
Total rents $6,715/month.
There are 9 parking spots that are fully rented and gross $8,260/year.
APOD is available upon request. Schedule your tour today!

Location

State PA

County Centre

Area State College Boro (16436)

Zoning R2

Rooms

Basement Combination

Interior

Hot Water Other

Heating Hot Water

Cooling None

Inclusions All built in appliances and refrigerators.

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 9.0

Water Access N

Roof Type Metal,Shingle

Street Surface Paved

Accessibility None

Total Parking Spaces 9

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

High Schools State College Area

School District State College Area

Others

Tax ID 36-004-,291-,0000-

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Other, Bank Portfolio

Listing Terms Cash, Other, Bank Portfolio

Financing Cash,Other,Bank Portfolio

Special Listing Condition Standard


Bright MLS (BMLS)
Listed by Tracy Barter • RE/MAX Centre Realty
agent

Gladys David

Agent

+1(908) 361-7510

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125 W PARK AVE