Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET7,680
MLS#PACE2520596
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLEMONT
SCHOOLSTATE COLLEGE AREA
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Home Style: Traditional
Lot Size: 1.17 Acres
Roof Type: Shingle
Taxes: $7,399
Year Built: 1937
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Brick, Wood Siding
Flooring: Hardwood, Laminated, Vinyl
Interior: Attic, Built-Ins, Wood Floors
Lake Name: Spring Creek
Lot: Stream/Creek
Lot Dimensions: 1.17 Acre(S)
Municipality: COLLEGE TWP
Number of Rooms: 15
One Bedroom Units: 1
Parking Notes: Asphalt Driveway
Sewer: Public Sewer
Special View Info: Creek/Stream, Trees/Woods
Structure Type: Twin/Semi-Detached
Three Bedroom Units: 2
Total Garage/Parking Spaces: 9
Two Bedroom Units: 1
Units: 4
Water: Public
Local Schools
High School: STATE COLLEGE AREA
Middle School: MOUNT NITTANY
Elementary School: SPRING CREEK
School District: STATE COLLEGE AREA
Listed By / Shown By
Listed By
Agency Name: RE/MAX Centre Realty
Agency Phone: 8142318200
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 5,068.65 per month $4,196.85 Principal & Interest $616.58 Property Tax $255.21 Homeowner's Insurance
824 Elmwood Street | MLS# PACE2520596
This multi-family property located at 824 Elmwood Street, State College, PA 16801 is currently listed for sale with an asking price of $875,000. Elmwood Street is located within the STATE COLLEGE AREA school district. Search State College real estate on www.duffyrealestate.com today.