$2,200,000
$2,400,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
1.9 Acres Lot
SOLD DATE : 02/15/2024
Key Details
Sold Price $2,200,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Pheasant Run
MLS Listing ID PACE2504828
Sold Date 02/15/24
Originating Board BRIGHT
Year Built 1984
Annual Tax Amount $22,467
Tax Year 2022
Lot Size 1.900 Acres
Acres 1.9
Lot Dimensions 0.00 x 0.00
Property Description
Attention Investors! Looking to add to your portfolio? Check out Pheasant Run Townhomes, consisting of 18 fully rented units on 1.90 acres within the State College Borough backing to Orchard Park. Well-maintained units with a strong rental history. Built in 1984 & owned by current owners since 1996, there are Six 3 bedroom units & Twelve 2 bedroom units. Each unit boasts heat pumps & central air. Large off street paved/lighted parking area. Beautiful lush mature landscaping offering a private setting within the Borough. On the CATA Bus Route, close to downtown State College, schools, shopping, plenty of restaurants, YMCA & less than 3 miles to Penn State University. Professionally managed by Continental Real Estate allowing less headaches & worry for an investor. All roofs were replaced in 2010. THERE IS AN ASSUMABLE LOAN for qualified buyers.
Location
State PA
County Centre
Area State College Boro (16436)
Zoning R3B
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 36.0
Utilities Available Cable TV
Waterfront N
Water Access N
Roof Type Shingle
Street Surface Paved
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 36
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District State College Area
Others
Tax ID 36-020-,202-,0000-
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Assumption, Cash, Conventional, Other
Listing Terms Assumption, Cash, Conventional, Other
Financing Assumption,Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Ryan S Lowe • RE/MAX Centre Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "