136 3rd St, California, PA 15419

Property Description

Turnkey High-Performance Quadplex in California, PA 136 3rd St, California, PA 15419 Strategically located in the heart of California, PA, this exceptionally stable quadplex is an absolute powerhouse for any investment portfolio. Situated just a short walk from Penn West California (CalU), the property benefits from perpetual high demand and a consistent, robust cash flow. With significant recent capital improvements and diverse revenue streams, this is a truly turnkey opportunity for the discerning investor. Key Renovations & Updates (2023-2024) This building has been meticulously maintained with a focus on longevity and tenant appeal: Unit 2 Remodel (2023): Fully updated with new vinyl flooring, fresh paint, painted cabinets, a new toilet, and acoustical ceiling upgrades. Exterior Improvements: The East and South sides of the building were professionally resided in 2023. Mechanical & Infrastructure: Two brand-new hot water tanks installed; new sanitary lines added in Unit 1; and targeted water line replacements in the basement. Common Areas: Lobbies have been freshly repainted, with brand-new flooring scheduled for installation, ensuring a great first impression for tenants. Diverse Revenue Streams & Ancillary Income Beyond standard rents, this property is designed to maximize your Return on Investment (ROI): Ample Parking: A large off-street gravel lot provides 8 dedicated parking spaces. Garage Income: Includes a 2-car detached garage, perfect for additional rental income or owner storage. On-Site Laundry: Basement features coin-operated washer and dryer, providing consistent ancillary revenue while increasing tenant convenience. Strategic Location & Flexibility Unbeatable Proximity: Located just minutes from the university campus, ensuring a steady stream of student and faculty applicants. Commercial Zoning: The property is currently zoned commercial, offering a unique "mixed-use" strategy. Future owners have the flexibility to convert the use to professional office or retail space to adapt to changing market demands. This quadplex represents a rare combination of immediate stability, high yield, and future flexibility. Whether you are looking to expand an existing portfolio or acquire a high-performing asset in a proven college-town market, 136 3rd Street is a standout choice.