Kutztown, PA 19530,129 W MAIN ST
Kutztown, PA 19530,129 W MAIN ST
Kutztown, PA 19530,129 W MAIN ST
Kutztown, PA 19530,129 W MAIN ST
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$1,015,000

$1,099,500

7.7%
Est.Price: ?

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Est. payment /mo

5,227 Sqft Lot


SOLD DATE : 06/07/2018

Key Details

Sold Price $1,015,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1004938109

Sold Date 06/07/18

HOA Y/N N

Originating Board TREND

Year Built 1893

Annual Tax Amount $12,968

Tax Year 2018

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 0X0

Property Description

Premier downtown Kutztown student housing location- Fully rented for the 2017-18 school year. This property has been fully rented each school year for the past 10+ years. Property is permitted for 24 students. Current occupancy is 22 students, all in private bdrms. Bldg has six (6)- 3 bdrm units and two(2)- 2 bdrm units. Additional income from sandwich shop, summer rentals and coin operated laundry. Recent updates include new roof in 2014, rear porch upgrade 2015, Primary HW heater 2014, gas fired boilers, HW flrs and upgrades to fire escapes,2013. Property has updated appliances, master key lock system for ease of key management and dedicated website for marketing. . Cap rate of 10.68 makes this property an excellent investment opportunity. 6 of the 8 units are rented for the 2018-19 school year.

Location

State PA

County Berks

Area Kutztown Boro (10255)

Zoning CC

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Flooring Wood, Vinyl

Fireplace N

Exterior

Water Access N

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Kutztown Area

Others

Tax ID 55-5443-08-87-4756

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Susan E Bernhard • John Monaghan Group Of Kutztown
Bought with Jason Jason Miller • Coldwell Banker Realty
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