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.
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Listing Snapshot
Price
$499,000
Days On Site
17 Days
Bedrooms
4
Inside Area (SqFt)
2,071 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.28 Acres
Year Built
1953
MLS® Number
PACE2520636
Status
Pending
Property Tax
$4,911
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
4 days ago
Status changed to Pending
4 days ago
Listing updated with changes from the MLS®
2 weeks ago
Listing first seen on site
General Features
Acres
0.28
Attached Garage
Yes
Foundation
Block
Garage
Yes
Garage Spaces
1
Levels
One and One Half
Parking
GarageInside EntranceAttached
Parking Spaces
1
Property Sub Type
Single Family Residence
Sewer
Private Sewer
Special Circumstances
Standard
SqFt Above
1356
SqFt Below
715
SqFt Total
2271
Style
Cape Cod
Utilities
Phone AvailableSewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
R1
Interior Features
Appliances
Electric Water Heater
Basement
FullPartially Finished
Fireplace
Yes
Fireplace Features
Wood Burning
Fireplaces
2
Flooring
Hardwood
Heating
OilForced Air
Main Level Bedrooms
2
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Exterior Features
Construction Details
Brick
Patio And Porch
Porch
Pool Features
None
Roof
Shingle
Community Features
Community Features
Sidewalks
MLS Area
State College Boro (16436)
School District
STATE COLLEGE AREA
Roads
Paved
Schools
School District
STATE COLLEGE AREA
Elementary School
EASTERLY PARKWAY
Middle School
MOUNT NITTANY
High School
STATE COLLEGE AREA
Listing courtesy of Continental Real Estate Management
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