• Asking Price $349,900
  • 616 E College Ave, Unit 102 State College, PA 16801

  • 2 Beds 2 Baths 975 SqFt
  • Multi-family (2-4 units) / For Sale by Owner

Property Details for 616 E College Ave, Unit 102, State College, PA 16801


  • Price/sqft: $358
  • Lot Size: 0.01 acres


  • Year Built: 01/01/1985
  • Property ID: 600868643
  • Property Type: Multi-family (2-4 units)
  • County: CENTRE


This property is offered for sale directly by the owner. For Sale By Owner homes, also known as FSBOs, can be a good buying opportunity, because the owner will save up to 6% when there are no brokers involved in the transaction. This leaves more room for price negotiation and potential buyer savings.

This listing is NOT a foreclosure. Attention investors and parents of Penn State students! Welcome to the most desirable investment condo in town. Unit 102 in University Gateway is in a prime location on College avenue, just across the Penn State University campus next to retail, restaurants and entertainment venues. It is rented for $2,100/month for 19/20 and $2,200/month for 20/21 up to August 2021. This stylishly renovated, freshly painted, spacious 2 bedrooms,2 bathrooms furnished condo, is permitted to rent for up to 5 students. Entering you will see the new nice water-resistant ceramic flooring, installed through the living room, kitchen and hallway, which will last for many years to come. Step into the kitchen, fully equipped with refrigerator, range, dishwasher, garbage disposal and microwave. Newly replaced solid kitchen cabinets, provide abundant space for kitchen dinner and cookware. The breakfast bar is equipped with brand new counter-top. The open-air design leads to a spacious fully furnished living room. Walk further into the hallway, and you will see 2 sizable bedrooms, newly carpeted and completely furnished. The 2 full bathrooms are conveniently located across the bedrooms. There are closets in each of the bedrooms, coat closet in the living room, right next to the external door, and a big walking closet for storage of bicycles or exercise equipment. The laundry room is located right down the hall and there is a security code to enter the building. The condo fee covers water, garbage, common area insurance and building exterior maintenance. You will love owning this high demand investment property, next to Penn State University, which is usually rented 8 months in advance and never has been vacant. Call today to make an appointment to see this amazing property, it wont last.

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