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.
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Listing Snapshot
Price
$875,000
Days On Site
11 Days
Bedrooms
9
Inside Area (SqFt)
7,680 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.17 Acres
Year Built
1937
MLS® Number
PACE2520596
Status
Active
Property Tax
$7,399
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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