824 Elmwood St, State College, PA 16801
- $875,000
- 7,680
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- Days on Market
- 38
- MLS#
- PACE2520596
- Subtype
- Multi-Family
- Style
- Traditional
- Year Built
- 1937
- Living Area
- 7,680
- Lot Size
- 50,965
- Acres
- 1.17
- Subdivision
- Lemont
- MLS Area Major
- College Twp (16419)
Property Description
Lemont area four unit investment property with great rental history close to Penn State's Campus. Walking distance to the Village of Lemont, Cafe Lemont, Kamrai, Voodoo Brewery, Maine Bay and Berry, Happy Valley Brewery and more. A short distance to bike paths, Slab Cabin Park, and Mt. Nittany's hiking trails. Two duplexes on one lot with the front duplex having 4 -5 bedrooms and 2 bathrooms per side and the rear duplex having a 2 bedroom unit and 1 bedroom unit. The units have hardwood floors, nice trim, and plentiful windows. There is a laundry room for tenant use, parking for eight vehicles, a nice 1.17 acre yard backing to Spring Creek, and outdoor living areas like porches and a deck. A great location close to State College, Penn State, shopping, restaurants and highway access, plus it's on a bus line. Leases run through July 31, 2027 with gross rent of $75,600 for the 12 month period. Village zoning allows for many uses.
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Additional Information
- Interior Features
- Attic, Wood Floors
- Taxes
- $7,399
- Property Description
- Traditional
- Zoning
- V
- Flooring
- Hardwood, Laminate, Vinyl
- Heating
- Hot Water
- Air Conditioning
- None
- Roof
- Shingle
- Foundation
- Other
- Parking Features
- Asphalt
- School District
- State College Area
- Elementary School
- Spring Creek
- Middle School
- Mount Nittany
- High School
- State College Area
- View
- Creek/Stream, Trees/Woods
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Listing courtesy of RE/MAX Centre Realty. Contact: