$ 875,000
-
$875,000
Price -
10
Bed -
4
Bath -
7,680
SqFt
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About the Listing PRMHME1 - 3354790,3352096
Secure a high-performance asset in the heart of Happy Valley. This 1.17-acre creek-front property features two income-producing duplexes (4 units total) with guaranteed cash flow through July 31, 2026. The Investment at a Glance: • Total Monthly Revenue: $5,725 ($68,700 Gross Annual) • Proven Stability: 100% occupied with all leases secured through Summer 2026 • Low Maintenance: Rear duplex features a brand-new shingle roof (2025) • Prime Location: Minutes to Penn State University, Lemont, and Rt. 322. Backs directly to Spring Creek Property Breakdown: • 824 & 828 Elmwood: All-brick duplex featuring two spacious 5BR/2BA units with covered porches, private basements, and a separate laundry room located in the rear of the building. Combined rent: $3,275/month. • 830 & 832 Elmwood: Wood-sided duplex featuring one 1BR unit and one 4BR unit. Combined rent: $2,450/month. Rarely does a property combine this level of acreage, water views, and turnkey rental history in the State College market. Don’t miss this opportunity to add a strong performing asset to your investment portfolio.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
PACE2517818
Year Built
1937
Total Square Footage
7,680
Lot/Acreage
1.17
Interior Details
- Bedrooms: 10
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Hot Water
- Fireplaces:
- Floor: Hardwood,Vinyl,Laminated
- Above Ground Sq Ft: 7680
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Attic,Built-Ins,Wood Floors
- Water: Public
Exterior Details
- Lot Description: Stream/Creek,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: V
- Roof: Shingle
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: Asphalt Driveway,Driveway,Off Street,Parking Lot
Financial Details
- Tax Amount: $7,200
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
824 Elmwood St State College, PA 16801
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