The Details

PSU Proximity Meets Portfolio Potential — Armenara Plaza Condo. Located just a block & a half from Penn State University, this 1-bedroom, 1-bathroom undergrad condo offers a golden opportunity to invest in one of State College’s most consistently active rental markets. The unit features a living room & a well-appointed kitchen with appliances included. Currently leased through August 3, 2026 at $1,035/month, this property provides reliable income with minimal management headaches. The tenant covers cable, internet, and electric. The $131/month condo fee (paid by the seller) includes water, sewer & trash, professionally managed by Associated Property Management. Continental Real Estate handles unit oversight on behalf of the owner, offering peace of mind & streamlined operations. Whether you're expanding your portfolio or planting your first investment flag, this condo delivers location, longevity & low-maintenance appeal, all in one tidy package.