Rental property

507 & 509 Spruce Street- Philispburg

507 & 509 Spruce Street, Phillipsburg

This duplex in Philipsburg could make a great starter home & rental opportunity for someone just starting out in real estate or a great investment for your portfolio. Recent updates in unit 507 include refinished HW flooring in the dining room, new light in the kitchen, 7 new windows, new refrigerator and microwave, additional new kitchen cabinets, new back door, new carpet on the 2nd floor, new bathroom floor and new commode. Each side has four bedrooms with one side featuring one bathroom with the other featuring one & a half baths. Both units have lovely wood accents throughout and the garage makes a great addition for a property in Central PA. Affordably priced and ready for new owners!

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115 E Main Street- Howard

115 E Main Street, Howard

ATTENTION: 0.98 acre Commercial Land at 4-way stop light in Howard, PA, across from Brother's Pizza, Uni-Mart. Corner lot with ingress from Walnut St and E Main St. Wide range of businesses permitted on this 445' frontage of Walnut & 175' of E Main St. Large home with 4, bed, 1.5 bath exquisitely clean home, gorgeous hardwood floors throughout, Shunk's Cherry kitchen, granite, new replacement windows throughout, main floor laundry, circle driveway with detached 2-car garage and large workshop. There is a lovely attached Main floor apartment w/2 bed, 1 bath. Smaller 2nd Floor apartment with 2 bed, 1 bath. Covered patio in rear to enjoy the large back yard. Vacant so you can do/use/repurpose as opportunity demands. Has been in the family for 79 years so a rare opportunity just opened up!

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123 E Wilson Street-Centre Hall

123 E Wilson Street, Centre Hall

Solid, cute starter home or downsize to a 1-floor living home. Also would be a good rental option in the Borough of Centre Hall. Newer replacement windows throughout, newer roof and oil hot water boiler. Nice picture window in large living room, dining room/eat-in kitchen combo, with 2 good sized bedrooms. Home is on a full basement with walk-up steps & Bilco access. Great back yard, flat, and lots of space for outside activities. So close to Grange Fair, Dollar General, and great neighborhood for walking, low traffic area. Make a smart move and call today!

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861 Thomas Street- State College

861 Thomas Street, State College

One of a kind investment property! Located on a quiet borough street in College Heights, this mid-century modern property features two open concept apartments with contemporary finishes and two one-bedroom apartments below, both currently under lease with long-term tenants in place. Large main floor apartment is perfect for owner occupancy and upper apartment is a short term rental legend in the making. Location location location with every attention paid to detail. Best news yet? All apartments have rental permits, including student permitted tenancy. 24 hour notice needed (for basement apartments only.)

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1221 Old Boalsburg Rd- State College

1221 Old Boalsburg Road, State College

One of a Kind Student Permitted Rental in State College Borough just blocks from PSU & Downtown State College. 4 units total ' 1st Unit - Main house features 3 bedrooms & 1 bathrooms; Living room with loads of character, nice kitchen, dining room & lots of closet storage, each unit has a basement space. 2nd Unit ' back of main house with nice kitchen, living room, 1 bedroom & 1 bathroom. Additional infill duplex behind main house ' Unit 3 & Unit 4 - features nice kitchens, living rooms, 1 bedroom & 1 bathroom in each unit. Both have basements and Washer and Dryer Hookups. Convenient porch off the duplex & great outside spaces. There is a total of 5/6 off street parking spots off the shared driveway. AMAZING INVESTMENT OPPORTUNITY. 

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411 Keller Street- State College

411 Keller Street, State College

INVESTORS! Brick duplex close to campus with new metal roof and windows last year and a great rental history. The main floor 3 bedroom, 1 bath is rented for $950/mo. until 7/31/22 and $950/mo. through 7/31/23. Main level accesses basement with laundry, storage and utilities. The bright lower level 1 bedroom, 1 bath with patio at entry is rented for $800/mo. until 7/31/22. There is a 2-car garage and parking at the rear alley.

Call KBB at 814-238-8080 to schedule a private showing!

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Local Housing Trends: Renting vs. Buying

At some point, you’re going to ask yourself: Should I buy instead of rent?

It’s a complex question that includes a variety of factors. Buying is a smart choice for many, but not always the best deal, depending on the market you live in and other factors like how long you plan to live there, the size of the home you plan to purchase, and more.

Consider the following points before you decide to buy:

  • It’s a big investment. You’ll have to put down a substantial amount of money for your down payment (generally three to 20 percent) and closing costs (which can cost up to three percent of the home’s purchase price).
  • Can you get approved? Your debt-to-income ration is important for lenders to see how your debts stack up against your pay. Traditionally, lenders...