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129 W MAIN ST
KUTZTOWN, PA 19530

$1,150,000 
  • -- Beds
  • -- Baths
  • Residential Income | SingleBldg
  • Active
129 W MAIN ST, KUTZTOWN - 32509767
129 W MAIN ST, KUTZTOWN - 32509768
129 W MAIN ST, KUTZTOWN - 32509769
129 W MAIN ST, KUTZTOWN - 32509770

Property Description for 129 W MAIN ST, KUTZTOWN PA 19530

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. Owner has begun leasing for 2018-19 school year. Cap rate of 10.79 makes this property an excellent investment opportunity.

  • Property Class: Multi-Family
  • Listing Status: Active
  • City: KUTZTOWN
  • State: PA
  • Zip: 19530
  • Area: Kutztown Boro
  • Class: Residential Income
  • Property Subtype: SingleBldg
  • Approx Lot Size: 0.120
  • Baths (F/H): -- / --
  • Lot Sq Ft Apx: 5227.00
  • Year Built: 1892
  • Listing#: 7032761
  • School District: Kutztown
  • Tax Year: 2017
  • Close Date: 11/22/2017
  • List Date: 8/7/2017
  • Last updated on: 10/16/2017

Property Features for 129 W MAIN ST, KUTZTOWN PA 19530

  • Basement Type: Full, Unfinished, Oe/Wkoutbsmt
  • Exterior: Brick
  • Property Age: 125
  • Garage Spaces: Nogarage
  • Laundry Type: Yeslaundry
  • Sewer Septic: Public Sewer
  • Cooling: None
  • Entrance: Foyer
  • Handicap: None
  • Hot Water: Natural Gas
  • Water: Public
  • Design: Aptbldg
  • Heating: Gas
  • Parking: 4-Carparking

Additional Information for 129 W MAIN ST, KUTZTOWN PA 19530

  • School District: Kutztown
  • High School: Kutztown
  • Annual Gross Income: 153800.00
  • Annual Gross Expense: 42569.00
  • Annual Insurance Expense: 9000.00
  • Annual Maint Expense: 7690.00
  • Basement: True
  • Block Or Square: 87
  • Building Floors: 3.00
  • Central Air: False
  • Exclusion Remarks: Sandwich Shop Business/Restaurant Equip.
  • Improv Assessed Amt: $253,900
  • Inclusion Remarks: See Attached List
  • Lot Dimensions: 0X0
  • Lot Number: 4756
  • New Construction: False
  • Ownership: Fee Simple
  • Total Assessment: 310900.00
  • Water Front: False
  • Beds Unit1: 2
  • Baths Full Unit1: 1
  • Unit1 Lease End: School Yr Term
  • Beds Unit2: 2
  • Baths Full Unit2: 1
  • Unit2 Lease End: School Yr Term
  • Beds Unit3: 3
  • Baths Full Unit3: 1
  • Unit3 Lease End: School Yr Term
  • Total Taxes: $12,879
  • Listing Area: Kutztown Boro
  • Subdivision: None Available
  • Beds Unit4: 3
  • Baths Full Unit4: 1
  • Beds Unit5: 3
  • Baths Full Unit5: 1
  • Beds Unit6: 3
  • Baths Full Unit6: 1
  • Beds Unit7: 3
  • Baths Full Unit7: 1
  • Beds Unit8: 3
  • Baths Full Unit8: 1
  • Partial Bath Unit9: 1
  • Listing ID: 7032761
Courtesy of John Monaghan Group Of Kutztown
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