$1,450,000
$1,500,000
3.3%For more information regarding the value of a property, please contact us for a free consultation.
11,386 SqFt
SOLD DATE : 06/10/2021
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,386 sqft
Price per Sqft $127
Subdivision State College Boro
MLS Listing ID PACE2001490
Sold Date 06/10/21
Style Other
Abv Grd Liv Area 11,386
Originating Board CCAR
Year Built 2005
Annual Tax Amount $26,191
Tax Year 2020
Lot Size 0.340 Acres
Acres 0.34
Property Description
Rare opportunity to own a fraternity within blocks of downtown and Penn State's campus. Built in 2005, this is one of the newest fraternity buildings in town. The property features 17 bedrooms and has a maximum occupancy of 34, with valid rental permits. Central air and forced gas heat in common areas, along with separate heating/cooling units in most bedrooms. Features include a commercial kitchen installed in 2010 and a professionally installed sprinkler system. Earn extra income with the on-site parking lot with 17 parking spaces. Contact listing agent with questions including additional uses for the property. Financials available upon request.
Location
State PA
County Centre
Area State College Boro (16436)
Zoning R2
Interior
Heating Forced Air
Cooling Central A/C, Wall Unit
Fireplace N
Heat Source Electric, Natural Gas
Exterior
Roof Type Shingle
Street Surface Paved
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District State College Area
Others
Tax ID 36-013-,367-,0000-
Ownership Other
Special Listing Condition Standard
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Bought with Charles Dawson • 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! "