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    10 E Main Street

    KUTZTOWN, PA 19530
    • $675,000
    • STATUS: Active
    • ON SITE: 66 days
    • ID#: PABK371964
    UPDATED: 29 min ago
    $675,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    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, oof 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 Spring 21, Fall 21, and Spring 22 semesters. Apartment 4 is on annual lease until 08/15/2021 and tenants have expressed great interest to sign for an additional year. Additional rent from summer occupancy and garage rental.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-08T06:52:30.133.
    www.amandakrallteam.com/homes/112934665
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    10 E Main Street KUTZTOWN, PA 19530

    • Price: $675,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: PABK371964
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    1900
    Built
    Neighborhood:
    Kutztown Boro (10255)
    County:
    Berks
    Area:
    Kutztown Boro (10255)
    School District:
    Kutztown Area
    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, oof 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 Spring 21, Fall 21, and Spring 22 semesters. Apartment 4 is on annual lease until 08/15/2021 and tenants have expressed great interest to sign for an additional year. Additional rent from summer occupancy and garage rental.
    Exterior Features

    Construction Materials Vinyl SidingAluminum Siding Garage YN No Parking Features Surface Parking Types Parking LotPrivate GarageDriveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4111.00 Cooling None Exclusions Student & Landlord Personal Property Heating Baseboard - Electric Heating YN Yes Inclusions All Appliances Net Square Feet 4110.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Other Central Air YN No Cooling Fuel None Entry Level 1 Heating Fuel Electric Hot Water Oil Incorporated City Name Kutztown Boro Internet Services Cable Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 304433955866 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5969.00 Tax Assessment Amount 141400.00 Tax Lot 8139 Utilities Cable TvElectric AvailablePhone Vacation Rental YN No Water Source Public Year Built Effective 2012 Zoning Cc Zoning Description Business Commercial Central

    Listing courtesy of Coldwell Banker Preferred-Blue Bell.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-08T06:52:30.133.
     
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    Iron Valley Real Estate
    1958 Quentin Road
    Lebanon PA, 17042