415 College AveState College, PA 16801

This seven-story, 49,750-square-foot apartment building in State College, PA, offers a unique investment opportunity. Located steps from Pennsylvania State University's University Park campus (49,000+ students), this 1971-built property (renovated in 2011) boasts 53 one-bedroom units, all currently leased for the 2023-2024 academic year. The building sits on a 14,810-square-foot lot at 415 W College Ave, 16801, and benefits from a highly desirable location, with below-market rents presenting a significant upside potential of at least $50 per unit per month. Each unit averages 567 square feet and includes modern kitchens and baths. Shared laundry facilities are available on-site. The property's prime location offers easy access to numerous amenities, including restaurants, shops, and entertainment venues, along with convenient public transportation. This is a rare chance to acquire a fully occupied, high-demand student housing asset with substantial rental growth potential in a thriving university town. All utilities are included in rent except cable and internet.