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701 W COLLEGE AVENUE
STATE COLLEGE PA 16801 US

$4,950,000

Active Listing ID PACE2509310
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Lot: 0.80 Acres
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Other

$4,950,000

Active Listing ID PACE2509310
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701 W COLLEGE AVENUE 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! •

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Property Features

  • Facts
  • Lot Size: 0.80 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Baseboard, Hot Water

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 4950000
  • unparsedaddress: 701 W COLLEGE AVENUE
  • postalcity: STATE COLLEGE
  • stateorprovince: PA
  • country: US
  • postalcode: 16801
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.8
  • lotsizeunits: Acres
  • lotsizearea: 0.8
  • livingareaunits: Square Feet
  • latitude: 40.78908
  • longitude: -77.8691
  • listagentfullname: Marc Mcmaster
  • listagentemail: marc@marcmcmaster.com
  • listagentkey: 3yd-TRENDPA-3346991
  • listagentmlsid: 3346991
  • listagentpreferredphone: 8142318200
  • listagentofficephone: 8142318200
  • listofficekey: 3yd-TRENDPA-REMAXCR1
  • listofficemlsid: REMAXCR1
  • disclaimer: Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1987
  • listingcontractdate: 2024-03-07
  • listagenturl: https://www.statecollegehomes.com/
  • countyorparish: CENTRE
  • constructionmaterials: Wood Siding
  • heating: Baseboard, Hot Water
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 26
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -77.8691, 40.78908
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/PACE2509310/?channel=rexren", "LeadRoutingEmail":"marc@marcmcmaster.com", "BrokerName":"RE/MAX Centre Realty", "ListingTitle":"Commercial - STATE COLLEGE, PA", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"ktosto@statecollegehomes.com", "ListOfficeAddress1":"1375 Martin STREET", "ListOfficeAddress2":"100", "ListOfficeCity":"State College", "ListOfficePostalCode":"16803", "ListOfficeStateOrProvince":"PA", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"RE/MAX Centre Realty", "ListBrokeragePhone":"(814) 280-2177", "ListBrokerageEmail":"ktosto@statecollegehomes.com", "ListBrokerageWebsiteUrl":"https://www.statecollegehomes.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"1375 Martin St", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"State College", "ListBrokerageStateOrProvince":"PA", "ListBrokeragePostalCode":"16803", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-07T16:09:00Z", "Neighborhoods":[{"Name":"STATE COLLEGE BORO", "Description":null}], "Taxes":[{"TaxYear":null, "TaxAnnualAmount":24623, "TaxDescription":null}]}
Listing Changed: 3/26/2024 3:07:03 PM GMT
Source Updated Date: 5/3/2024 6:56:11 AM GMT

Courtesy of: Marc Mcmaster, RE/MAX Centre Realty, marc@marcmcmaster.com

Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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