Welcome to Highland Terrace, a fully occupied 28-unit apartment/townhouse complex in a superior location off Ridge Avenue in a very desirable residential neighborhood just minutes from amenities, interstate 99, Route 36, Hollidaysburg, Duncansville, and downtown Altoona.
The property is improved with four multi-unit buildings on 1.86 acres consisting of three two story 8-unit apartment buildings (206,208,210) and a three story 3-unit Townhouse building.
Each apartment building features newer contemporary metal roofs, their own common-area coin operated laundry facility, designated tenant storage area (secure) along with a utility room at ground level first floor. Twenty-Four units in the apartment buildings have identical floor plans and feature a kitchen/dining area, spacious living room with front-facing balconies, two-bedrooms with full size closets, an adjoining full bath and Mountain View's that stretch into Hollidaysburg. Building 206 has an additional one bedroom ground level apartment. Each of the three townhouse units in building four provide three stories of living space with a family room, wood burning fireplace, ¾ bath at ground level, kitchen and living room balcony on the second floor and two bedrooms with full bath on the third. The units themselves are serviced by electric heat/AC with many having newer furnaces and tenants being responsible for their own electricity. The property and units are repaired and maintained as needed with newer appliances, paint, periodic kitchen/bath improvements and flooring. Due to long-term tenants, some units may be slightly more dated than others. With its stable income stream, long-term tenant occupancy history, and Value-Add potential through its superior location and continued updates, Highland Terrace is an excellent long or short term Multifamily Investment Opportunity for investors alike. Agent is related to seller.

Welcome to Bel-Air Park Town Homes, a 22 unit residential investment property on 5.86 acres of land with quick access to 1-99 and 3.5 miles from downtown Altoona. This unique property is tucked in its 5.86 acre tree covered hill side adjacent to Greenwood Park and includes both Ivan & WIll Lane, two multi-unit townhouse buildings. Each townhouse has ground level entrances on both the first and second floors with its bedrooms and full bath on the third. The second floor offers a living room, and balcony access off the kitchen/dining area with a garage or walk-out on the lower level first floor. Both Ivan & Will Lane buildings provide plenty of off street parking and generous views of the PA Mountains. Ivan Lane features a 10 unit building with nine Integral garages and a coin operated laundry facility as an option for all tenants. Will Lane features a 12 unit building with four integral garages and eight ground level walk-outs which could potentially be converted into additional living space if desired. Will Lane also includes an additional parking lot. Bel-Air town homes offer private living and a turnkey value-add investment opportunity with quick access to I-99, downtown amenities and healthcare! Units are updated when available and as needed, all units are occupied except one vacancy. Additional wooded acreage above both buildings could potentially be developed. The listing agent is related to the seller.