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240 E Mccormick Ave, State College, PA 16801

$499,000
: 4
BD
: 2
BA
: 2,071
SqFt

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List Price: $499,000
Status: PENDING
MLS#: PACE2520636
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Living Area: 2,071
Lot Size (Acres): 0.28
Style: Cape Cod
Year Built: 1953
County: Centre
School District: State College Area

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Property Description

Generating $3,800 per month in rental income, this charming Cape Cod-style home, built in 1953 and rich with football history, presents an excellent investment opportunity in the highly desirable State College Borough. The property includes a rental permit allowing occupancy by up to four unrelated individuals and is currently tenant-occupied with leases in place through July 31, 2027, providing immediate and stable cash flow. Situated on a spacious 0.28-acre lot, this well-maintained home features a classic brick exterior and offers approximately 2,071 finished square feet of living space. The interior includes four bedrooms and two full bathrooms, providing ample room for tenants. A partially finished basement offers additional living, recreational, or storage space, creating further value and potential rental appeal. Exterior amenities include a welcoming front porch, sidewalks, an attached garage, and a paved driveway with additional off-street parking. With its prime location, strong rental history, and long-term tenants already in place, this property is an attractive opportunity for investors looking to capitalize on the robust State College rental market. Tenant occupied. A minimum of 24-hour notice is required for all showings.

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Additional Information

Area: State College Boro (16436)
Subdivision: State College Boro
School District: State College Area
Elementary School: Easterly Parkway
Middle School: Mount Nittany
High School: State College Area
Fireplaces: 2
Flooring: Hardwood
Garage Spaces: 1
Exterior Features: Sidewalk
Heating: Forced Air
Cooling: None
Roof: Shingle
Utilities: Electric Available, Phone Available, Sewer Available, Water Available
Water: Public
Sewer: Private Sewer
Basement: Full, Partial