This meticulously maintained 3-UNIT INVESTMENT PROPERTY offers a rare opportunity near Penn State University, the Village of Lemont, and downtown State College. Perfect for an investor or homeowner seeking affordable living (Live in 1 Unit and Rent the Other 2 Units). Unit 124, located on the right side, is a two-story unit featuring two bedrooms, one bathroom, a kitchen, living room, dining room, and laundry in the basement. Recently updated, it showcases refinished hardwood floors, fresh paint, modern kitchen appliances, and an upgraded bathroom. Unit 124A, situated to the left of Unit 124, is a two-story, one-bedroom unit with an open-concept main level and a private bedroom suite with a vaulted ceiling on the second floor. It is currently leased through October 31st at $815/month, with the tenant responsible for all utilities. Unit 124B, located on the lower level, offers an open floor plan with a galley-style kitchen, a separate office area, its own laundry room, and an enclosed porch. This unit is leased through August 1st, for $835/month, with the tenant paying all utilities. Property improvements include new vinyl siding and decorative gingerbread trim, a new metal roof, composite decking, and a new steel chimney liner—all completed within the last three years. With the potential for substantial future rent increases, investment properties of this caliber are seldom available. Schedule your showing today!Show Description MLS® NumberPACE2515274
Laundry Level
Central VacNo
FireplaceNo
Acreage0.43
Exterior
GarageNo
Approx. Age1930
BasementPartially Finished
DrivewayGravel Driveway, Off Street
Garage Spaces
HeatBaseboard - Electric, Forced Air, Electric, Oil
A/CNone
Heating Fuel
Unit 124: Range, Washer, Dryer Unit 124A: Range, Refrigerator Unit 124B: Range, Refrigerator, Washer, Dryer
