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415 W College Ave
State College, PA 16801
College Park · Multifamily Property For Sale · 53 Units

INVESTMENT HIGHLIGHTS

  • Desired Location: Situated Steps Away from Campus
  • Below-Market Rents: Opportunity to Increase Rents at Least $50 per Unit per Month
  • Desired Bed/Bath Parity: All One-Bedroom Units
  • Outstanding Occupancy: 100% Leased for 2023-2024 SY
  • Pennsylvania State University: Tier 1 School; 49,000± Students Enrolled at PSU’s University Park Campus
  • Neighborhood Amenities: Walk to Cafes, Bars, Restaurants, Shops & Entertainment

PROPERTY FACTS

No. Units 53
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.34 AC
Building Size 42,455 SF
Average Occupancy 100%
No. Stories 7
Year Built 1971
Parking Ratio 0.64/1,000 SF
Zoning CID - Mixed Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Furnished Units Available
  • Trash Pickup - Door to Door
  • Elevator
  • Public Transportation
  • Walk To Campus

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-011-074-0000
Land Assessment
$105,000
Improvements Assessment
$477,775
Total Assessment
$582,775
  • Listing ID: 32306827

  • Date on Market: 7/1/2024

  • Last Updated:

  • Address: 415 W College Ave, State College, PA 16801

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