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USAPAKutztown164 W Main St
168 - 164 W Main St, Home with 0 bedrooms, 0 bathrooms and null parking in Kutztown PA | Image 1
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$1,025,000

168 - 164 W Main St, Kutztown, PA

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $3,000
Taxes $11,154
Days Active 31
Approx. Age 1890
MLS® Number PABK2057252

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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 7.6% CAP rate based on current rents and expenses. CAP rate increases to 8.6% (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.Show Description
MLS® NumberPABK2057252
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1890
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard - Hot Water, Baseboard - Electric, Oil, Natural Gas Available
A/CNone
Heating Fuel

Extras

All fridges and stoves in the apartments

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