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$1,350,000
6 Beds ⋅ 3 Baths
Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000
$1,350,000
Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000
$409,000
4 Beds ⋅ 2 Baths
Searching for a well maintained, move-in-ready home in the State College Borough?  This cozy, updated 1955 Cape Cod would make the perfect primary residence, second home or investment property.  Current rental permit allows for 3 unrelated tenants.  The home features lots of natural light and a great floorplan with 2 nicely sized Bedrooms and 1 full Bathroom on both levels.  Upon entering, you will find a very spacious Living Room with a large picture window. The adjoining Kitchen features an eat-in area, all appliances, pantry closet, cherry cabinets and door to the backyard for easy grilling!  Recent improvements include the addition of central A/C, programable thermostat, new Kitchen flooring, a 2nd floor full Bathroom addition, new basement stairs, added basement insulation, painting and newer windows. The 1st floor full Bathroom was gutted and remodeled as well!  Other highlights include a front entry (17x 6) porch area, Luxury Vinyl Plank flooring in the Kitchen and Bathrooms, Hardwood flooring throughout the rest of the house, and vinyl easy-to-clean windows. The unfinished lower level provides ample storage, the laundry area with a utility sink, workshop space, and room to grow!  Two vehicles can park on the paved front driveway to the left of the house. The level backyard has a 17 x 12 stone patio area, a shed, and extra parking off of Marigold Alley.  Schedule your showing today!

130 Logan Ave, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000