Address
10 E Main Street Kutztown, PA
Price
$ 675,000
Property Attributes
  • MLS#PABK371964
  • TypeCommercial
  • CountyBERKS
  • CityKutztown
  • AreaKutztown Boro
  • Zip19530
  • Style
  • Year Built1900
  • Taxes$ 5969
  • Price$ 675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4110
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Coldwell Banker Preferred-Blue Bell
Data Source:
Bright MLS
Property Description

KUTZTOWN STUDENT HOUSING - Incredible opportunity to purchase a well maintained 4 unit building just minutes from Kutztown University. 7.32% Cap Rate. 12.87% Cash on Cash Return. Property consists of four apartments licensed for 11 students with 11 individual bedrooms, common area laundry room, off street parking for 13 cars and 3 oversized garage bays. All apartments have one full bath. 0ne 2 student apartment and three 3 student apartments. Landlord pays water, hot water, sewer, taxes, insurance, basement and laundry area electric. Tenant pays electric, trash, cable and internet (all apartments are electric baseboard heat). 5 meters, one for each unit plus landlord meter. New improvements include new water heater (2019), New Roof (2014) and $58k addition of two bedrooms to unit 4 apartment to increase total student permit from 9 to 11 bedrooms (2013). All appliances are included in the sale. Centrally located next to Turkey Hill and within walking distance to downtown dining & shopping. Great rental history. Apartments 1,2,3 leased for Fall 21, and Spring 22 semesters. Apartment 4 is on annual lease until 08/15/2022. Additional rent from summer occupancy and garage rental. This property is eligible for 1031 exchange . Ask realtor for details

Price History
12/31/2020 Listed $675,000

General Features

Accessibility None
Business Type Other
Construction Materials Vinyl Siding, Aluminum Siding
Cool Fuel None
Cooling None
County BERKS
Days on Market 134
Exclusions Student & Landlord Personal Property
Heating Baseboard - Electric
MLS Area Kutztown Boro (10255)
Municipality KUTZTOWN BORO
New Construction No
Ownership Fee Simple
Parking Features Surface
Possession Negotiable
Price Per Sq Ft 164.19
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
Sewer Public Sewer
Tax Annual Amount 5969.0
Tax Lot 8139
Tax Year 2020
Total Units 4
Utilities Cable TV, Electric Available, Phone
Vacation Rental Y/N No
Water Access Y/N No
Zoning CC
Zoning Description Business Commercial Central

Interior Features

Central Air Y/N No
Entry Level 1
Heating Fuel Electric
Heating Y/N Yes
Hot Water Oil
Total Restrooms 4

Exterior Features

Building Area Total 4111.00
Car Parking Spaces 13
Inclusions All appliances
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.35
Lot Size Source Assessor
Lot Size Square Feet 15246.00
Navigable Water Y/N No
Total Parking Spaces 13
Type of Parking Parking Lot, Private Garage, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19530

Price
AVG $320K
$680K
Taxes
AVG $9,879
$5,969
Visits
AVG 75
45
Year Built
AVG 1932
1900
Walkscore
AVG 53
78
Data Provided by Walkscore ® not using MLS data

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