940-946 SOUTHGATE DR Active

State College,PA 16801

$ 649000

- Bed

- Bath

3300 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $196

Subdivision State College Boro

MLS Listing ID PACE2511872

Style Other

Year Built 1980

Annual Tax Amount $6,228

Tax Year 2024

Lot Size 0.370 Acres

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

Inclusions 4 refrigerators, 4 ranges, 4 dishwashers, 4 washing machines & 4 dryers

Exterior

Exterior Feature Deck(s),Porch(es)

Waterfront N

Water Access N

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Dry Wall

New Construction N

Schools

School District State College Area

Others

Special Listing Condition Standard

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