1317-1319 University Drive, State College, PA 16801

USD 425,000
For Sale MLS: PACE2518794

Property Details

Description

A standout investment opportunity in State College Borough, this fully leased duplex offers established STUDENT HOME LICENSES & RENTAL PERMITS plus unbeatable proximity to Penn State University, a combination that continues to drive strong, reliable demand. Situated along the CATA bus route, the property benefits from consistent tenant interest in a highly desirable location. Each unit is approximately 900 sq. ft. & features hardwood floors, a comfortable living room, a kitchen with included refrigerators & ranges, 2 bedrooms, 1 full bathroom & unfinished basements that provide ample storage. Both units are separately metered with tenants responsible for all utilities & the property is heated with electric ceiling heat. Zoned R 2 and well maintained, this duplex offers a low maintenance addition to any portfolio. Unit 1317 is leased at $950/month through 7/29/26 (tenant will be vacating by 7/29/26), while Unit 1319 is leased at $1,275/month plus a $160/month pet fee through 7/29/26. Additional highlights include ample off street parking & a large, flat backyard. With its solid rental history & a prime location, this property is a smart & seamless investment opportunity. This sale will be part of a 1031 Exchange. Buyer will be responsible for crediting the Seller for final water, sewer & trash at settlement.

PROPERTY DETAILS: Square Feet: 1800

INTERIOR FEATURES: • Square Footage (approx): 1,800 Sq. Ft. Above Ground, Sq. Ft. Below Ground • Flooring: Wood • Cooling: None • Heating: Electric Heating, Ceiling • Plumbing: Electric Water Heater • Basement: Unfinished • Additional Interior Features: Eat-in Kitchen

EXTERIOR FEATURES: • Parking: Off Street. • Exterior: Brick • Roof: Shingle • Pool Description: None • Lot Dimensions: 0.00 x 0.00 • Zoning: R-2

LISTING AGENT: Agent: Ryan S Lowe | Office: RE/MAX Centre Realty | Phone: 8142318200 | Email: [email protected]

LISTING INFORMATION: MLS#: PACE2518794 | Status: Pending

Location

Address

1317-1319 University Drive

City

State College

Features and Finishes

Interior Features:

• Square Footage

(approx): 1,800 Sq. Ft. Above Ground, Sq. Ft. Below Ground

• Flooring: Wood

• Cooling: None

• Heating: Electric Heating, Ceiling

• Plumbing: Electric Water Heater

• Basement: Unfinished

• Additional Interior Features: Eat-in Kitchen

Exterior Features:

• Parking: Off Street.

• Exterior: Brick

• Roof: Shingle

• Pool Description: None

• Lot Dimensions: 0.00 x 0.00

• Zoning: R-2

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