$385,000
$350,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
4,574 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $385,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,574 sqft
Price per Sqft $84
MLS Listing ID PACE2512364
Sold Date 12/23/24
Originating Board BRIGHT
Year Built 1901
Annual Tax Amount $4,816
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 0.00 x 0.00
Property Description
Ready to boost your investment portfolio? Discover this well-maintained 5-unit apartment complex perfectly suited for both steady rental income & Airbnb profitability. Ideally situated in the heart of Milesburg, this property features 2 fully rented units & 3 Airbnb units, with ample off-street parking accessible via Mill Street located directly behind the building. Each unit has completed occupancy inspections & holds current rental permits, making it a turnkey investment. Apt #104 is a delightful 2 bedroom, 1 bath unit leased through 11/2027 at $791/month & includes a private garage. Tenant covers electric, cable & internet. Apt #104A is a charming 3 bedroom, 1 bath Airbnb rental averaging $125/night. Apt #104B is a cute & cozy studio apartment leased through 11/27 for $409/month, with tenant paying for electric, cable & internet. Apt #104C is an adorable 1 bedroom, 1 bath Airbnb unit averaging $100/night. Apt #104C is a darling 3 bedroom, 1 bath Airbnb unit averaging $125/night. All utilities are covered by the owner for the Airbnb units & the owner also pays water, sewer & refuse for the leased apartments (dumpster paid monthly with Newman Hill). The Airbnb units are fully furnished & inventory is available to purchase separately should the buyer wish to continue short-term rentals. Additional amenities include newer roof, vinyl siding & replacement windows, each unit has electric baseboard heat & separate water heaters. Milesburg offers a welcoming, small town feel. The property is located close to renowned fishing along Spring Creek & Bald Eagle Creek. For all things outdoor recreation, it's just a quick 12-minute drive to Bald Eagle State Park. The location offers easy access to I-80 & I-99. Within 11 miles from Penn State University & Beaver Stadium to cheer on the Nittany Lions. Some of the area's best local shops, eateries, distillers & breweries are just moments away in beautiful downtown Historic Bellefonte. Don't miss this unique investment opportunity to expand your portfolio.
Location
State PA
County Centre
Area Milesburg Boro (16428)
Zoning R
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 10.0
Utilities Available Cable TV
Water Access N
Roof Type Metal,Shingle
Accessibility None
Total Parking Spaces 10
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bald Eagle Area
Others
Tax ID 28-001-,097-,0000-
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Charles Dawson • RE/MAX Centre Realty
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Broker-Owner | Lic# RM423246