$590,000
$649,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
940-946 SOUTHGATE DR State College, PA 16801
3,300 SqFt
Key Details
Sold Price $590,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $178
Subdivision State College Boro
MLS Listing ID PACE2511872
Sold Date 12/06/24
Style Other
Abv Grd Liv Area 3,300
Originating Board BRIGHT
Year Built 1980
Annual Tax Amount $6,228
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 0.00 x 0.00
Property Description
Fantastic Investment Opportunity for those looking to expand their portfolio! This fully rented Quadruplex is ideally situated in the heart of State College Borough, a highly sought-after area, close to Orchard Park, the YMCA, shopping, and a variety of dining options. Each of the four units offers 2 bedrooms, a full bathroom, a fully equipped kitchen with included appliances, and a laundry room complete with a stackable washer and dryer. Rental details include: Unit 940 rents for $1,200/month, Unit 942 rents for $1,200/month, Unit 944 rents for $925/month, and Unit 946 rents for $1,200/month, with all leases secured through July 29, 2025. Tenants are responsible for electric and cable/internet, with each unit featuring electric baseboard heat. Plenty of off street parking available for tenants. Located just 3 miles from Penn State University, this property presents an excellent opportunity in a prime location!
Location
State PA
County Centre
Area State College Boro (16436)
Zoning R3B
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Flooring Carpet, Vinyl
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Deck(s), Porch(es)
Water Access N
Roof Type Shingle
Accessibility None
Porch Deck(s), Porch(es)
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District State College Area
Others
Tax ID 36-020-,156-,0000-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Rick Swanger • RE/MAX Centre Realty