240 E MCCORMICK AVE
STATE COLLEGE, PA 16801
PRICE: $499,000
Active | MLS# pace2520636
4 beds
2 full baths
2271 sq ft
0.28 Acres
The Details
Generating $3,800 per month in rental income, this charming Cape Cod-style home, built in 1953 and rich with football history, presents an excellent investment opportunity in the highly desirable State College Borough. The property includes a rental permit allowing occupancy by up to four unrelated individuals and is currently tenant-occupied with leases in place through July 31, 2027, providing immediate and stable cash flow. Situated on a spacious 0.28-acre lot, this well-maintained home features a classic brick exterior and offers approximately 2,071 finished square feet of living space. The interior includes four bedrooms and two full bathrooms, providing ample room for tenants. A partially finished basement offers additional living, recreational, or storage space, creating further value and potential rental appeal. Exterior amenities include a welcoming front porch, sidewalks, an attached garage, and a paved driveway with additional off-street parking. With its prime location, strong rental history, and long-term tenants already in place, this property is an attractive opportunity for investors looking to capitalize on the robust State College rental market. Tenant occupied. A minimum of 24-hour notice is required for all showings.
Property Overview
| Style | Cape Cod |
| Year Built | 1953 |
| Subdivision | STATE COLLEGE BORO |
| School District | STATE COLLEGE AREA |
| County | CENTRE |
| Municipality | STATE COLLEGE BORO |
| Heat | Forced Air |
| A/C | None |
| Fireplaces | 2 |
| Fuel | Oil |
| Sewer | Private Sewer |
| Garage Stalls | 1 |
| Exterior Features | Sidewalks |
| Total Taxes | $4911 |
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*All fees are for estimate purposes only.
Directions: From S. Atherton Street, take Westerly Parkway east for about a mile, then turn left onto S. Pugh Street. Continue a short distance and turn right onto E. McCormick Avenue. Follow E. McCormick Avenue, and 240 E. McCormick Avenue will be on your right.
| Sq. Footages | |
|---|---|
| Above Grade Finished Sq. Ft. | 1356 |
| Below Grade Finished Sq. Ft. | 715 |
| Below Grade Unfinished Sq. Ft. | 200 |
| Total Finished Sq. Ft. | 2071 |
| Rooms | Main | Upper | Lower | Bsmt. |
|---|
| Subdivision STATE COLLEGE BORO |
| Zoning R1 |
| Possession Negotiable |
| Assessed Value |
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