829-833 ELMWOOD ST
STATE COLLEGE, PA 16801
PRICE: $518,000
Active | MLS# pace2515936
The Details
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!
Property Overview
| Style | Traditional |
| Year Built | 1880 |
| Subdivision | LEMONT |
| School District | STATE COLLEGE AREA |
| County | CENTRE |
| Municipality | COLLEGE TWP |
| Heat | Baseboard - Hot Water |
| A/C | None |
| Fireplaces | 1 |
| Fuel | Natural Gas |
| Sewer | Public Sewer |
| Total Taxes | $4688.34 |
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*All fees are for estimate purposes only.
Directions: East College Ave to Pike Street. Make a right onto Elmwood St at stop light. Property on the right.
| Sq. Footages | |
|---|---|
| Above Grade Finished Sq. Ft. | |
| Above Grade Unfinished Sq. Ft. | |
| Below Grade Finished Sq. Ft. | |
| Below Grade Unfinished Sq. Ft. | |
| Total Finished Sq. Ft. | 2981 |
| Rooms | Main | Upper | Lower | Bsmt. |
|---|
| Subdivision LEMONT |
| Association Fee $ |
| Cap Fee $ |
| Zoning V |
| Property Code 0 |
| Possession Settlement |
| Assessed Value |
