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129 W MAIN ST
KUTZTOWN, PA 19530

$1,150,000 
  • -- Beds
  • -- Baths
  • Commercial
  • Active
129 W MAIN ST, KUTZTOWN - 32509799
129 W MAIN ST, KUTZTOWN - 32509800
129 W MAIN ST, KUTZTOWN - 32509801

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: Commercial
  • Listing Status: Active
  • City: KUTZTOWN
  • State: PA
  • Zip: 19530
  • Area: Kutztown Boro
  • Class: Commercial
  • Approx Lot Size: 0.120
  • Baths (F/H): -- / --
  • Lot Sq Ft Apx: 5227.00
  • Year Built: 1892
  • Listing#: 7032777
  • School District: Kutztown
  • Tax Year: 2017
  • List Date: 8/7/2017
  • Last updated on: 8/18/2017

Property Features for 129 W MAIN ST, KUTZTOWN PA 19530

  • Building Or Business: Apartmnt BLD
  • Sewer Septic: Public Sewer
  • Property Age: 125
  • Water: Public
  • Exterior: Brick
  • Floor: Wood, Vinyl
  • Roads: Boro/Township

Additional Information for 129 W MAIN ST, KUTZTOWN PA 19530

  • School District: Kutztown
  • Block Or Square: 87
  • Improv Assessed Amt: $253,900
  • Land Only: False
  • Land Use Code: 4125
  • Lot Dimensions: 0X0
  • Lot Number: 4756
  • Ownership: Fee Simple
  • Property Option: Sale
  • Total Assessment: 310900.00
  • Water Front: False
  • Total Taxes: $12,879
  • Listing Area: Kutztown Boro
  • Subdivision: None Available
  • Annual Gross Expense: 44066.00
  • Annual Gross Income: 153800.00
  • Listing ID: 7032777
Courtesy of John Monaghan Group Of Kutztown
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