1355-1357 UNIVERSITY DR
STATE COLLEGE, PA 16801
PRICE: $425,000
Pending | MLS# pace2518834
beds
1800 sq ft
0.27 Acres
The Details
A great investment opportunity in the heart of State College Borough, this fully leased duplex combines established STUDENT HOME LICENSES, active rental permits, and an unbeatable location just moments from Penn State University. Consistent demand, walkability, and direct access to the CATA bus route make this property a reliable performer in one of the area’s strongest rental markets. Each unit offers approximately 900 sq. ft. of functional living space, including hardwood floors, a comfortable living room, a kitchen with included refrigerators and ranges, 2 bedrooms, 1 full bathroom, and unfinished basements ideal for storage. Both units are separately metered with tenants responsible for all utilities, and the property is heated with electric ceiling heat. Zoned R 2 and well maintained, this duplex provides a low maintenance, high demand addition to any portfolio. This sale will be a part of a 1031 Exchange. Buyer will be responsible for crediting the seller final water, sewer & trash at the time of settlement.
Property Overview
| Style | Ranch/Rambler |
| Year Built | 1970 |
| School District | STATE COLLEGE AREA |
| County | CENTRE |
| Municipality | STATE COLLEGE BORO |
| Heat | Ceiling |
| A/C | None |
| Fireplaces | |
| Fuel | Electric |
| Sewer | Public Sewer |
| Total Taxes | $5415 |
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*All fees are for estimate purposes only.
| Sq. Footages | |
|---|---|
| Above Grade Finished Sq. Ft. | |
| Above Grade Unfinished Sq. Ft. | |
| Below Grade Finished Sq. Ft. | |
| Below Grade Unfinished Sq. Ft. | |
| Total Finished Sq. Ft. | 1800 |
| Rooms | Main | Upper | Lower | Bsmt. |
|---|
| Association Fee $ |
| Cap Fee $ |
| Zoning R-2 |
| Property Code 0 |
| Possession Settlement |
| Assessed Value |
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