401 Keller St State College, PA 16801
- Dormitories
- 1,488 SF
- 0.49 lot acres
Current Use by Public Records
- Dormitories
Property Details for 401 Keller St
- Lot size
- 0.49 lot acres
- Property size
- 1,488 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents a portfolio of three student rental units ideally situated in State College, Pennsylvania, near Penn State University. The portfolio comprises three buildings on a 0.49-acre lot, totaling 1,488 to 2,688 square feet. The property is classified as Class B multifamily and zoned for residential use. Each unit offers a compelling price point of $333,000, with an overall asking price of $999,000. This represents a strong investment with a 6.50% cap rate. Currently fully occupied for the 2024-2025 academic year, this portfolio benefits from the consistently high demand for student housing near Penn State, one of the largest public universities in Pennsylvania. The properties are conveniently located within walking or driving distance of the university, ensuring high occupancy rates and consistent rental income. This is an excellent opportunity to capitalize on the robust State College rental market driven by the large student and employee population of Penn State University. The portfolio includes a mix of property types, offering diversification within the investment. This turnkey investment is ready for immediate income generation. The property is located at 401 Keller St, State College, PA 16801.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- State College
- County
- Centre
- State
- Pennsylvania
- Longitude
- -77.849798
- Latitude
- 40.799132
