Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1987
Sq.Footage
N/A
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! •
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.8
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Wood Siding
Financial
-
Sales Price
$4,950,000
-
Tax Amount
24623.0
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Location
County
CENTRE
Elementary School
Middle School
High School
Listing Courtesy of Marc Mcmaster , RE/MAX Centre Realty
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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