$379,000
$415,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
6,975 SqFt
SOLD DATE : 04/16/2021
Key Details
Sold Price $379,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,975 sqft
Price per Sqft $54
Subdivision Bellefonte Borough
MLS Listing ID PACE2504346
Sold Date 04/16/21
Style Other
Originating Board CCAR
Year Built 1900
Annual Tax Amount $7,934
Tax Year 2020
Lot Size 0.260 Acres
Acres 0.26
Property Description
GREAT INVESTMENT OPPORTUNITY: 7-Unit Investment Property fully rented with great rental history. This mixed-use rental property is located in the Bellefonte Borough 1/2 block off of High Street. There are 5 residential and 2 commercial/office units in 2 separate buildings on the property. The current owners have completed many updates to the property during their ownership including, windows, paint, insulation, various mechanical updates/replacements, and many others. Several of the leases have been renewed recently so the new owners can just continue to manage the property and collect the rent. The property is conveniently located in the Bellefonte Borough 1/2 block off of High Street. Bellefonte, PA is the Centre County seat and this property is approximately 2 blocks from the county courthouse, various law offices, and the downtown retail district. The property is also located in a Qualified Opportunity Zone which may allow for certain investment tax benefits.
Location
State PA
County Centre
Area Bellefonte Boro (16432)
Zoning COMMERCIAL
Interior
Heating Baseboard, Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Roof Type Rubber,Shingle
Street Surface Paved
Accessibility None
Parking Type Off Street, None
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
New Construction N
Schools
School District Bellefonte Area
Others
Tax ID 32-303-,050-,0000-
Ownership Other
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Standard
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Bought with Lara Kingshipp Carter • Kissinger, Bigatel & Brower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "