Sold for $590,000

$590,000

940-946 Southgate Dr, State College, PA 16801

8beds

4baths

3,300sqft

Quadruplex

Built in 1980

-- sqft lot

$644,400 Zestimate^®

$179/sqft

$1,469 Estimated rent

Home value

$644,400

$593,000 - $702,000

$1,469/mo

Zestimate^® history

Owner options

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$1,469/mo

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$1,469/mo

Rent Zestimate^®

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$2,996/mo

Est. payment

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$2,996/mo

Est. payment

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What's special

Fantastic Investment Opportunity for those looking to expand their portfolio! This fully rented Quadruplex is ideally situated in the heart of State College Borough, a highly sought-after area, close to Orchard Park, the YMCA, shopping, and a variety of dining options. Each of the four units offers 2 bedrooms, a full bathroom, a fully equipped kitchen with included appliances, and a laundry room complete with a stackable washer and dryer. Rental details include: Unit 940 rents for $1,200/month, Unit 942 rents for $1,200/month, Unit 944 rents for $925/month, and Unit 946 rents for $1,200/month, with all leases secured through July 29, 2025. Tenants are responsible for electric and cable/internet, with each unit featuring electric baseboard heat. Plenty of off street parking available for tenants. Located just 3 miles from Penn State University, this property presents an excellent opportunity in a prime location!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Basement

Area: 0

Heating

Baseboard, Electric

Cooling

Wall Unit(s), Electric

Appliances

Included: Electric Water Heater

Features

Dry Wall
Flooring: Carpet, Vinyl
Has basement: No
Has fireplace: No

Interior area

Total structure area: 3,300
Total interior livable area: 3,300 sqft

Property

Parking

Parking features: Parking Lot

Accessibility

Accessibility features: None

Features

Patio & porch: Deck, Porch
Pool features: None

Lot

Size: 0.37 Acres

Details

Additional structures: Above Grade, Below Grade
Parcel number: 36020,156,0000
Zoning: R3B
Zoning description: Residence 3B
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Quadruplex

Materials

Stick Built, Vinyl Siding, Brick, Stucco
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: State College Boro

Location

Region: State College
Municipality: STATE COLLEGE BORO

Financial & listing details

Price per square foot: $179/sqft
Tax assessed value: $79,205
Annual tax amount: $6,228
Date on market: 9/18/2024
Listing agreement: Exclusive Right To Sell
Inclusions: 4 Refrigerators, 4 Ranges, 4 Dishwashers, 4 Washing Machines & 4 Dryers
Ownership: Fee Simple

Price history

Date	Event	Price
12/6/2024	Sold	$590,000-9.1%$179/sqft
Source: Bright MLS #PACE2511872 Report a problem
11/11/2024	Pending sale	$649,000$197/sqft
Source: Bright MLS #PACE2511872 Report a problem
9/18/2024	Listed for sale	$649,000$197/sqft
Source: Bright MLS #PACE2511872 Report a problem