434 & 440 W College Avenue

State College, PA 16801 View Map $3,250,000 Schedule a Tour
Sq.Ft.7,566
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Status: Active
Property Type:Real Estate Only
MLS #:74738
Sq. Feet:7,566
On Site:105 Days
Lot Size:0.34 Acres
County:Centre
Two buildings for sale - 434 & 440 W College Ave. in Urban Village zoning district, only one block to Penn State campus. 434 - 3 story brick rooming house w/ 8 bedrooms, 3 bath, leased to 9 till Aug 2023 for $7,000/mo, permitted for 12 occupants, potential increase in revenue possible. Plus 7 parking space for $5,075/yr. #440 - a 3 unit building, modified / built in 2009, 1st floor has two units, 440A - 827 sq.ft. of commercial space, market rent $1,600/mo NNN (vacant) and #440-1 has 4 BR 1.5 Bath permitted for 5, currently rented for $3,150/mo. 2nd floor #440-2 is a 7 BR 3 Bath apartment permitted for 9, rented for $6,750/mo. 12 parking space, 10 rented for $2,550/mo Detail attached. Detail info with APOD in documents.

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Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
9/22/2022$3,690,000$3,250,000-11.9%

Community Information

Address:434 & 440 W College Avenue State College, PA 16801
County:Centre
School District:State College
Subdivision:State College Boro
Zip Code:16801

Features / Amenities

Business Type: Apartments
Building Features: Sprinkler
Off Street Parking: 19
A/C Type: Window, Central
Heat Type: Heat Pump, Hot Water
Fuel Type: Electric, Natural Gas

Property Features

Lot Size: 0.34 Acres
Site Influences: Cable To Property
Water: Public
Sewer: Public Sewer
Driveway: Paved
Zoning:URBAN VILLAGE
Directions:from Atherton St. to W College Ave, property on left at corner of Barnard St.

Tax and Financial Info

Total Taxes: $25,678
Tax Year: 2022
Finance Type: Cash, Commercial Loan

Listing Agent/Office

Listing provided courtesy of Shirley Hsi, RE/MAX Centre Realty.

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434 & 440 W College Avenue State College, PA 16801
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434 & 440 W College Avenue State College, PA 16801
 
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Listing Information Last Updated 9/25/2022