The Details

Ready to boost your investment portfolio? Discover this well-maintained 5-unit apartment complex perfectly suited for both steady rental income & Airbnb profitability. Ideally situated in the heart of Milesburg, this property features 2 fully rented units & 3 Airbnb units, with ample off-street parking accessible via Mill Street located directly behind the building. Each unit has completed occupancy inspections & holds current rental permits, making it a turnkey investment. Apt #104 is a delightful 2 bedroom, 1 bath unit leased through 11/2027 at $791/month & includes a private garage. Tenant covers electric, cable & internet. Apt #104A is a charming 3 bedroom, 1 bath Airbnb rental averaging $125/night. Apt #104B is a cute & cozy studio apartment leased through 11/27 for $409/month, with tenant paying for electric, cable & internet. Apt #104C is an adorable 1 bedroom, 1 bath Airbnb unit averaging $100/night. Apt #104C is a darling 3 bedroom, 1 bath Airbnb unit averaging $125/night. All utilities are covered by the owner for the Airbnb units & the owner also pays water, sewer & refuse for the leased apartments (dumpster paid monthly with Newman Hill). The Airbnb units are fully furnished & inventory is available to purchase separately should the buyer wish to continue short-term rentals. Additional amenities include newer roof, vinyl siding & replacement windows, each unit has electric baseboard heat & separate water heaters. Milesburg offers a welcoming, small town feel. The property is located close to renowned fishing along Spring Creek & Bald Eagle Creek. For all things outdoor recreation, it’s just a quick 12-minute drive to Bald Eagle State Park. The location offers easy access to I-80 & I-99. Within 11 miles from Penn State University & Beaver Stadium to cheer on the Nittany Lions. Some of the area’s best local shops, eateries, distillers & breweries are just moments away in beautiful downtown Historic Bellefonte. Don’t miss this unique investment opportunity to expand your portfolio.