824 ELMWOOD ST

STATE COLLEGE, PA 16801

PRICE: $875,000

Active | MLS# pace2520596

beds

7680 sq ft

1.17 Acres

The Details

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 Overview

Style	Traditional
Year Built	1937
Subdivision	LEMONT
School District	STATE COLLEGE AREA
County	CENTRE
Municipality	COLLEGE TWP
Heat	Hot Water

A/C	None
Fireplaces
Fuel	Natural Gas
Sewer	Public Sewer

Driveway	1
Total Taxes	$7399

Home Overview
Home Specs
Neighborhood

Property Price

Percent
Down

Amount
Down$

Mortgage
Amount$

15-Year Fixed

30-Year Fixed

Interest Rate

Annual Taxes$

Annual Insurance$

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*All fees are for estimate purposes only.

Satellite View

Directions: E. College Avenue to Elmwood Street, property on the right

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.	7680

Rooms	Main	Upper	Lower	Bsmt.

Subdivision LEMONT

Association Fee $

Cap Fee $

Zoning V

Property Code 0

Possession Subject to Existing Lease

Assessed Value

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