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Sold for $590,000 on 12/06/24
  • $590,000

    940-946 Southgate Dr, State College, PA 16801

    8beds
    4baths
    3,300sqft
    Quadruplex
    Built in 1980
    -- sqft lot
    $609,600 Zestimate®
    $179/sqft
    $-- Estimated rent

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: December 09, 2024 at 01:01am

    Listed by:

    Ryan S Lowe 814-280-2424,

    RE/MAX Centre Realty,

    Listing Team: Linda & Ryan Lowe Team

    Bought with:

    Rick Swanger, RS182055L

    RE/MAX Centre Realty

    Source: Bright MLS,MLS#: PACE2511872MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Basement
    • Area: 0
    Heating
    • Baseboard, Electric
    Cooling
    • Wall Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Dry Wall
    • Flooring: Carpet, Vinyl
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 3,300
    • Total interior livable area: 3,300 sqft

    Property

    Parking
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Patio & porch: Deck, Porch
    • Pool features: None
    Lot
    • Size: 0.37 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 36020,156,0000
    • Zoning: R3B
    • Zoning description: Residence 3B
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Quadruplex
    Materials
    • Stick Built, Vinyl Siding, Brick, Stucco
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: State College
    • Subdivision: State College Boro
    • Municipality: STATE COLLEGE BORO

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    Services availability
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