Ryanandlinda 2024
Linda & Ryan Lowe | RE/MAX Centre Realty | 814-231-8200 Ex. 305/352

240 E MCCORMICK AVE

STATE COLLEGE, PA 16801

PRICE: $499,000

Pending | MLS# pace2520636

The Details

Generating $3,800 per month in rental income, this charming Cape Cod-style home, built in 1953 and rich with football history, presents an excellent investment opportunity in the highly desirable State College Borough. The property includes a rental permit allowing occupancy by up to four unrelated individuals and is currently tenant-occupied with leases in place through July 31, 2027, providing immediate and stable cash flow. Situated on a spacious 0.28-acre lot, this well-maintained home features a classic brick exterior and offers approximately 2,071 finished square feet of living space. The interior includes four bedrooms and two full bathrooms, providing ample room for tenants. A partially finished basement offers additional living, recreational, or storage space, creating further value and potential rental appeal. Exterior amenities include a welcoming front porch, sidewalks, an attached garage, and a paved driveway with additional off-street parking. With its prime location, strong rental history, and long-term tenants already in place, this property is an attractive opportunity for investors looking to capitalize on the robust State College rental market. Tenant occupied. A minimum of 24-hour notice is required for all showings.


Property Overview


StyleCape Cod
Year Built1953
SubdivisionSTATE COLLEGE BORO
School DistrictSTATE COLLEGE AREA
CountyCENTRE
MunicipalitySTATE COLLEGE BORO
HeatForced Air
A/CNone
Fireplaces2
FuelOil
SewerPrivate Sewer
Garage Stalls1
Exterior Features Sidewalks
Total Taxes$4911

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*All fees are for estimate purposes only.

Satellite View

Directions: From S. Atherton Street, take Westerly Parkway east for about a mile, then turn left onto S. Pugh Street. Continue a short distance and turn right onto E. McCormick Avenue. Follow E. McCormick Avenue, and 240 E. McCormick Avenue will be on your right.

Sq. Footages
Above Grade Finished Sq. Ft.1356
Below Grade Finished Sq. Ft.715
Below Grade Unfinished Sq. Ft.200
Total Finished Sq. Ft.2071
Rooms Main Upper Lower Bsmt.
Subdivision STATE COLLEGE BORO
Zoning R1
Possession Negotiable
Assessed Value

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