500 W College Ave - Apartments FOR SALE


State College, PA 16801- Holmes-Foster
$4,150,000 USD
814-234-4000
500 W College Ave, State College, PA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

500 W College Ave
State College, PA 16801
Holmes-Foster


OVERVIEW

If location matters and income matters, this listing is for you! Three brick buildings on three adjoining parcels offer 15 rental units in walking distance to PSU campus. Rarely do these opportunities go public. Each building has 5 units with a total of 31 bedrooms and 15 baths. Always rented with rare vacancies. Buildings are in good condition with diversity of floor plans in each unit. Strong income and Net Operating Income. Contact listing agent for NDA, APOD and NOI. 48-72 hrs. advance notice needed for all showings. Second building address: 506 W. College. Third building address: 110 S Barnard Street. Currently zoned Urban Residential. Ask for zoning map for potential zoning improvements.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

15

PRICE/UNIT

$276,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West College Student Rentals

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,272 SF

ZONING

UV

APN/PARCEL ID

36-011-111-0000

ASK ABOUT THIS PROPERTY

Paul ConferKissinger Bigatel & Brower RealtorsMore Info
814-234-4000

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Paul ConferKissinger Bigatel & Brower RealtorsMore Info
814-234-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.