824-832 Elmwood Street State College, PA $ 849,000
824-832 Elmwood Street
$ 849,000
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824-832 Elmwood Street

State College, PA, 16801
$ 849,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 5,643

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Multi-Family Home for sale in State College, PA

for $849,000 with 9 bedrooms. This home was built in 1937 on a lot size of 1.17.

Great four unit investment property with great rental history. 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 for 824 & 828 run through July 31, 2024. Leases for 830 & 832 run through July 31, 2025.

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Multi-Family Active

Price

$ 849,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 6,839

Style

Traditional

Lot Size

1.17

Year Built

1937

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2508890

Features
General
Interior Features Attic Built-Ins Wood Floors
Sewer Public Sewer
Heating Hot Water
Cooling None
Possession Subject to Existing Lease
Roof Shingle
Appliances Dishwasher Dryer Refrigerator Stove Washer
Zoning V
Architectural Style Other Traditional
Construction Materials Brick Wood Siding
Year Built 1937
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality COLLEGE TWP
Gross Income 69360.00
Accessibility None
County CENTRE
Net Operating Income 54789.00
Operating Expense 14571.00
Insurance Expense 2511.00
New Construction N
Property Type Multi-Family
Subdivision Name LEMONT
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions E. College Avenue to Elmwood Street property on right before the light in Lemont.
City STATE COLLEGE
Buyer Agent Compensation 2.25
Disclosures Lead Based Paint - State Rental Permits Prop Disclosure
Zoning Description Village
Total Units 4
MLS Area College Twp (16419)
Lot Size Square Feet 50965.20
Waterfront Y/N N
Number of Units Leased 4
Street Name ELMWOOD
Tax Annual Amount 6839.69
Trash Expense 744.00
Two Bedroom 1
Structure Type Twin/Semi-Detached
Price Per Sq Ft 279.83
Vacation Rental Y/N N
Days on Market 98
Lease Type Yearly
Standard Status Active
Year Built Source Estimated
Total Actual Rent 69360.00
Buyer Agent Compensation Type % Of Gross
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Interior
Heating Fuel Natural Gas
Basement Other
Flooring Hardwood Vinyl Laminated
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix STREET
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Asphalt Driveway
Lot Features Stream/Creek
Water Source Public
Inclusions 4 stoves 4 refrigerators 4 dishwashers washer dryer
Type of Parking Driveway
Foundation Details Other
Water View Y/N N
Lot Size Acres 1.17
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 824
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* Excluded Features
List By
Re/Max Centre Realty

Broker

stevenbodner@remax.net

Email

Affordability Calculator

$6,213
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,643
Monthly Property Taxes
$570
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4174237 Elementary School
4110841 Middle School
State College Area High School High School
Pricing History
DatePricePrice ChangeDescription
3/16/2024$849,000 -2.97% Price Down
2/8/2024$875,000 Listed Price

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824-832 Elmwood Street, State College, PA, 16801 is a Multi-Family Home for sale at $849,000 with a lot size of 1.17. 824-832 Elmwood Street has 9 bedrooms, 0.0 baths, and was built in 1937. The property's zip code is 16801 which is in State College, PA