701 W College Avenue, State College, PA 16801 | MLS PACE2509310 | Listing Information | Berkshire Hathaway HomeServices Home Edge Realty Group | Berkshire Hathaway HomeServices Home Edge Realty Group
FOR SALE
$4,950,000  

701 W College Avenue
State College, PA 16801

Business Opportunities
Commercial
15,428
Sq. Ft.
0.8
Acres Lot
Courtesy: RE/MAX Centre Realty
Welcome to 701 West College Avenue, your prime investment opportunity nestled in the heart of State College, PA! Situated less than a mile from the esteemed Penn State University, this 16-unit student rental property beckons savvy investors seeking a lucrative addition to their portfolio.Boasting an unbeatable location, this property offers unparalleled convenience for students, faculty, and staff alike. Imagine the appeal of living just moments away from campus amenities, including academic buildings, dining options, and vibrant student life. With its proximity to Penn State University, tenants will enjoy easy access to campus events, sporting venues, and cultural attractions.Each of the 16 units within this well-maintained complex provides comfortable living spaces designed to meet the needs of the modern student. From cozy studios to spacious multi-bedroom layouts, there's a residence to suit every lifestyle. Bright interiors, functional floor plans, and essential amenities ensure a welcoming atmosphere conducive to both study and relaxation.Investors will appreciate the steady stream of rental income generated by this property, as well as its potential for long-term appreciation. This property is already fully rented until August of 2025. With a strong demand for student housing in State College, you can rest assured knowing that this investment promises excellent returns for years to come.Opportunities like 701 West College Avenue are rare gems in the world of real estate investing. Don't miss your chance to secure a foothold in this dynamic market. Whether you're a seasoned investor or new to the game, this property offers the perfect combination of location, income potential, and value.Seize the opportunity to make a smart investment in State College's thriving real estate market. Contact us today to schedule a showing and take the first step toward realizing your investment goals with 701 West College Avenue!"
PACE2509310
Business Opportunities, Other
CENTRE
1987
0.8 Acres
Public
Wood
Public Sewer
15,428 Sq. Ft.
Interior Features
Appliances
Electric Water Heater
Heating
Gas Heat, Electric Heating. Baseboard, Hot Water.
Exterior / Lot Features
Parking
26 Parking Spaces.
Exterior
Wood
Roof
Shingle
Lot Dimensions
0.00 x 0.00
Financial Considerations
36-011-,038-,0000-
$24,623
Courtesy: RE/MAX Centre Realty
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 4/28/2024 10:09 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.