164-168 W Main St,KUTZTOWN, PA 19530
KUTZTOWN, PA 19530
Description
Take advantage of this desirable location in the thriving Kutztown historic downtown area within walking distance to Kutztown University. Approved for both apartments and student rental uses. Purchase this package of two buildings on two parcels with 6 spacious residential and 2 commercial units. Nearly fully rented with 1 vacancy being filled. Five of the six residential units have been renovated by current owner, one of the commercial spaces was brought up to code, and the parking lot was paved and lined recently. Priced at a 8.2% CAP rate based on current rents and expenses. CAP rate increases to 9.2% (i.e. a higher return) with both the conversion of the furnace from oil to gas which reduces owner's expenses by over $5,000 annually and with increased rents at the planned turnovers in May and June. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases.
Details
| MLS # | PABK2057252 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1890 |
| Days On Site | 67 |
| Listing Provided By | Howard Hanna The Frederick Group | Carrie C Ward |
Features
| Story(s) | 3 |
|---|---|
| Units | 8 |
| Zoning | R/C |
| Acreage | 0.21 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Hot Water, Baseboard - Electric |
Exterior
| Construction Materials | Brick, Brick Veneer |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Paved Parking, Private, Surface |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 11154 |
| Tax Lot | 5520 |
Market Activity 19530
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Learn More About This Property
| State | PA |
|---|---|
| County | BERKS PA |
| City | KUTZTOWN |
| Zip Code | 19530 |
| Area | Kutztown Boro (10255) |
| School District | KUTZTOWN AREA |
| Listing VS Median (in 19530) | |
Price: $950,000 low | high Med: $379,900 On site: 67 low | high Med: 16.000000 | |
