Great investment property for professionals located on a quiet street just a short distance to campus and Spring Creek Park. The building consists of 4 units that are all fully rented each with one bedroom and one bath, three of the units are fully furnished. There is plenty of storage in the basement as well as a laundry room. This is a place where one can enjoy peacefulness as well as a natural trout stream, yet not be far from the amenities of State College. Sellers would like to do a 1031 Exchange with the sale of this property, so Buyer shall be willing to sign necessary documentation for this. There is ample parking included as well. 24 HOUR NOTICE REQUIRED FOR SHOWINGS
Unique Investment Opportunity in the SCASD! Tenant Occupied. 24 HOUR NOTICE REQUIRED! Fully rented, 4 unit apartment building in a great location. Apartment # 3 has newer kitchen. 4 dedicated off-street parking spots. Storage for tenants in the basement. Coin-Operated Washer & Dryer in Laundry Room in basement. Square footage per tax record and/or measuring. Information deemed reliable but not guaranteed. Buyer and/or buyer agent should verify square footage.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Centre County
APN
19-001A-145
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 8, 2023.
R1
Single-Family Residential District
It is the intent of the Single-Family Residential District to promote the following: To provide for low-density housing in appropriate locations and to permit limited public and quasi-public uses appropriate for residential neighborhoods.; To protect residential areas from changes and intrusions which may cause deterioration.; To meet minimum standards of health and safety by protecting against hazards and nuisances.; To provide for adequate daylight, ventilation, quiet, privacy and recreational opportunity.; To prevent congestion and the overcrowding of land caused by excessive densities.
Permitted uses
Include but are not limited to:
Agriculture
Assembly/ meeting place
Day care facility
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Recreation
Park & open space
Planned unit development (pud)
Property details
Parking
Parking Information
Paved Parking
Parking Lot
Interior
Interior Information
Living Area Sq.Ft. Source: Estimated
Room Information
# of Rooms: 16
Multi Unit Information
# of One Bedroom Units: 4
# of Units Leased: 4
Exterior
Property Information
Total Below Grade Sq. Ft.: 1078
Improvement Assessed Value: $31,620
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
# of Units (Total): 4
Construction Materials: Brick
Other Structures: Above Grade, Below Grade
Roof: Tar/Gravel
Lot Information
Lot Size Dimensions: 0.00 x 0.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $19,500
Above Grade Information
Unfinished Sq.Ft.: 2156
Unfinished Sq.Ft. Source: Estimated
Finished Sq.Ft.: 2,156
Finished Sq.Ft. Source: Estimated
Below Grade Information
Unfinished Sq.Ft.: 1,078
Unfinished Sq.Ft. Source: Estimated
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $311
Tax Assessed Value: $51,120
Tax Year: 2023
Tax Annual Amount: $3,248
Assessments Information
Year Assessed: 2022
Lease Information
Existing Lease Type: Yearly
Utilities
Utilities Information
Cooling Type: Window Unit(s)
Baseboard - Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: STATE COLLEGE AREA
School District Source: Listing Agent
Location Information
Directions: Houserville Road to Puddintown Road to Spring Street, property on Right
Location Type: Suburban
Municipality: COLLEGE TWP
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Centre County
APN: 19-001A-145
Home facts updated by county records on Feb 8, 2023
Around this home
Schools
Spring Creek Elementary School
Public K-5 • Assigned • 0.3mi
8/10
Mount Nittany Middle School
Public 6-8 • Assigned • 3.0mi
9/10
State College Area High School
Public 8-12 • Assigned • 3.3mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
State College, PA • 16801
Average low and high temperatures (°F)
30
18
37
22
56
34
65
44
69
50
80
60
85
67
79
58
75
55
65
43
50
35
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 3 hours in December, placing it below the
U.S. average for solar exposure.
9 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$511,000 – $618,000
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