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10 E Main Street, Kutztown, PA, 19530

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$675,000
133 Days Online

10 E Main Street
Kutztown, PA 19530

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1900
Built
Subdivision:
null
County:
Berks

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610-683-5333
10 E Main Street10 E Main Street10 E Main Street10 E Main Street
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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

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Listing Snapshot
Price
$675,000
Days Online
133 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.35 Acres
Year Built
1900
MLS Number
PABK371964
Status
Active
Property Tax
$5,969
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
18 hours agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Water
Public
Sewer
Public Sewer
Utilities
Cable TVElectric AvailablePhone
Parking
Surface
Construction Materials
Vinyl SidingAluminum Siding
Zoning
CC
Interior Features
Heating
Baseboard - Electric
Cooling
None
Central Air
No
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Community Features
Accessibility Features
None
Listing courtesy of Coldwell Banker Preferred-Blue Bell



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Neighborhood & Commute
Source: Walkscore
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