Address
824-832 Elmwood Street, State College, PA
Price
$ 849,000
Property Attributes
- MLS#PACE2508890
- TypeMulti-Family
- CountyCENTRE
- CityState College
- AreaCollege Twp
- NeighborhoodLemont
- Zip16801
- StyleTraditional
- Year Built1937
- Taxes$ 6839
- Price$ 849,000
- Bedrooms9
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.17 Acres
Data Source:
Bright MLS
Property Description
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. All leases run through July 31, 2024.
| Elementary School | Middle School | High School |
|---|---|---|
| Spring Creek Elementary School | Mount Nittany Middle School | State College Area High School |
| Price History | |
|---|---|
| 2/8/2024 | Listed $875,000 |
| 3/16/2024 | 3% - $849,000 |
General Features
| 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 |
| Pool Y/N | No Pool |
| 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 |
| Gross Income | 69360.00 |
| OwnerPays | Common Area Maintenance,Insurance,Repairs,Snow Removal,Taxes - Real Estate,Trash Collection,Other |
| Accessibility | None |
| County | CENTRE |
| Net Operating Income | 54789.00 |
| Operating Expense | 14571.00 |
| Insurance Expense | 2511.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | LEMONT |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | E. College Avenue to Elmwood Street,property on right before the light in Lemont. |
| ModificationTimestamp | 2024-03-16T16:06:37 |
| 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 |
| Tax Assessed Value | 107630.0 |
| Waterfront Y/N | No |
| 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 |
| One Bedroom Units Count | 1 |
| Price Per Sq Ft | 279.83 |
| Vacation Rental Y/N | No |
| Total SQFT | 3034 |
| Days on Market | 69 |
| Lease Type | Yearly |
| Standard Status | Active |
| Year Built Source | Estimated |
| Total Actual Rent | 69360.00 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Other |
| Flooring | Hardwood,Vinyl,Laminated |
| Hot Water | Natural Gas |
| Furnished Units | None |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 2 |
Exterior Features
| Parking Features | Asphalt Driveway |
|---|---|
| Lot Features | Stream/Creek |
| Water Source | Public |
| Inclusions | 4 stoves,4 refrigerators,4 dishwashers,washer,dryer |
| Total Parking Spaces | 8 |
| Type of Parking | Driveway |
| Foundation Details | Other |
| Water View Y/N | No |
| Lot Size Acres | 1.17 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 16801
Price
Taxes
Visits
Year Built
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