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USAPAKutztownNot in Development164 W Main St
164 - 3 story red168 - 3 story white | Image 1
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$1,025,000

164 W Main St, Kutztown, PA

Real Estate

For Sale

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

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $11,154
Days Active 38
Lot Size 
Approx. Age 1890
MLS® Number 756495

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® Number756495
Laundry Level
Central VacNo
FireplaceNo
Acreage0.21
Exterior
GarageNo
Approx. Age1890
Basement
Driveway
Garage Spaces
Heat
A/CNo Air
Heating Fuel

Extras

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