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33688828
33688827

3 Locations

AY
PA RS276283
Annette Yorks REALTOR
Listed by Annette Yorks REALTOR
$735,000
1 day on market
Updated 1 day ago

Investment Opportunity State College

Details
APN 18-013-,053B,0227-, 18-013-,053B,0229-, 18-013-,053B,0231-
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,264
Units 3
Beds 6
Cap Rate 3.74%
NOI $27,481
Occupancy 66.67%
Tenancy Multi
Price per SqFt $225
Class B
Year Built 1981
Buildings 3
Stories 2
Zoning R
Parking Spaces 8 spaces
Parking Per SqFt 2.45
Investment Type Stabilized
Sale Condition N/A

About This Property

Marketing description

Don't miss this rare opportunity to own all three well-maintained condominium units located just minutes from Penn State University and conveniently situated along the CATA bus route. Whether you're looking to expand your investment portfolio or secure income-producing property in a highly desirable location, this package offers tremendous potential. Each of the three units features 2 bedrooms and 1.5 baths, along with private decks, kitchen appliances, and washer/dryers included. Unit 227 Strouse Avenue: Features a finished lower-level family room, laundry area, and bathroom. The basement bathroom remodel is scheduled for completion by the end of June 2026. Unit 229 Strouse Avenue: Offers a versatile lower-level family room that can also serve as a home office or den, along with a dedicated laundry area. Unit 231 Strouse Avenue: Includes a spacious lower-level family room, laundry area, and a full bathroom in the basement.

Monthly condominium fee of $200 per unit covers: Common area maintenance, Exterior maintenance, Building insurance, Lawn care, Snow removal, Trash service. Properties offering three income-producing units in such a prime State College location are seldom available. Conveniently located near shopping, dining, public transportation, and Penn State University, this is an outstanding opportunity for investors seeking stable rental demand and long-term appreciation. Schedule your showing today and take advantage of this unique investment opportunity!

Investment highlights

  • Public water and sewer
  • Ceiling cable heating
  • Large private decks for each unit
  • Kitchen appliances included
  • Washer and dryer included in each unit
  • Strong rental potential due to proximity to Penn State University
  • 2 bedrooms and 1.5 baths per unit
  • Private decks for each unit

Listing Contacts

AY
PA RS276283
Annette Yorks REALTOR
Listed by Annette Yorks REALTOR

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$27,481.00
$2,290.08/mo

Valuation Metrics

0
DSCR
3.74%
Cap Rate
3.74%
ROI

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Additional Information

Name
Adam Conrad
License
RO302002
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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