Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.
Listed by:
Kissinger, Bigatel & Brower
Source:
BRIGHT MLS
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Aug 27, 2026 | 18 days ago | Price decreased100,000 (7%) | $1,250,000 |
| Jul 20, 2026 | 2 mos ago | New on market | $1,350,000 |