Linda & Ryan Lowe | RE/MAX Centre Realty | 814-231-8200 Ex. 305/352
500 & 506 W COLLEGE AVE
STATE COLLEGE, PA 16801
PRICE: $4,150,000
Pending | MLS# pace2516026
The Details
If location matters and income matters, this listing is for you! Three brick buildings on three adjoining parcels offer 15 rental units in walking distance to PSU campus. Rarely do these opportunities go public. Each building has 5 units with a total of 31 bedrooms and 15 baths. Always rented with rare vacancies. Buildings are in good condition with diversity of floor plans in each unit. Strong income and Net Operating Income. Contact listing agent for NDA, APOD and NOI. 48-72 hrs. advance notice needed for all showings. Third building address: 110 S Barnard Street. Currently zoned Urban Residential. Ask for zoning map for potential zoning improvements.
Property Overview
| Subdivision | STATE COLLEGE BORO |
| School District | |
| County | CENTRE |
| Municipality | STATE COLLEGE BORO |
| Heat | Steam |
| A/C | None |
| Fuel | Natural Gas |
| Sewer | Public Septic |
| Total Taxes | $18591 |
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*All fees are for estimate purposes only.
| 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. |
| Rooms | Main | Upper | Lower | Bsmt. |
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| Subdivision STATE COLLEGE BORO |
| Association Fee $ |
| Cap Fee $ |
| Zoning UV |
| Property Code 0 |
| Possession Settlement |
| Assessed Value |