BEDS4
BATHS2 full
SQUARE FEET2,071
MLS#PACE2520636
STATUSPENDING
PROPERTY TYPEResidential - Single Family
SUBDIVISIONSTATE COLLEGE BORO
SCHOOLSTATE COLLEGE AREA
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.
Property Features
Property Type: Residential - Single Family
Basement: Yes
Basement: Full, Partially Finished
Cooling: None
Fireplaces: 2
Fuel Type: Oil
Garage: 1
Heating: Forced Air
Home Style: Cape Cod
Lot Size: 0.28 Acres
Roof Type: Shingle
Stories: 1.5
Taxes: $4,911
Year Built: 1953
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 52
Exterior: Brick
Exterior: Sidewalks
Fireplace: Wood
Flooring: Hardwood
Lot: Year Round Access
Lot Dimensions: 0.28 Acre(S)
Municipality: STATE COLLEGE BORO
Parking Features: Paved Driveway
Parking Notes: 1 Total Parking Spaces
Sewer: Private Sewer
SQFT Above Finished: 1356
SQFT Below Finished: 715
SQFT Total Finished: 2071
Structure Type: Detached
Total Garage/Parking Spaces: 1
Utilities: Electric Available, Phone Available, Sewer Available, Water Available
Water: Public
Local Schools
High School: STATE COLLEGE AREA
Middle School: MOUNT NITTANY
Elementary School: EASTERLY PARKWAY
School District: STATE COLLEGE AREA
Listed By / Shown By
Listed By
Agency Name: Continental Real Estate Management
Agency Phone: 8142381598
Shown By
Agent Name: Leslie Russell Associate Broker/Consultant
Agent Phone: Cell: (215) 694-9169
Agency Title: RealtyMark
Estimate Your Payment
Estimated Payment
$ 1,665.35 per month $1,110.56 Principal & Interest $409.25 Property Tax $145.54 Homeowner's InsuranceChange Payment Information
Leslie Russell Associate Broker/Consultant
Office: (215) 376-4444 ext. 318
Cell: (215) 694-9169
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240 E Mccormick Avenue | MLS# PACE2520636
This single family home located at 240 E Mccormick Avenue, State College, PA 16801 is currently listed for sale with an asking price of $499,000. This property was built in 1953 and has 4 bedrooms and 2 full baths with 2071 sq. ft. E Mccormick Avenue is located in the STATE COLLEGE BORO subdivision within the STATE COLLEGE AREA school district. Search STATE COLLEGE BORO real estate on lrussell.realtymark.net today.