Kutztown, PA 19530,129 W MAIN ST
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Kutztown, PA 19530,129 W MAIN ST
Kutztown, PA 19530,129 W MAIN ST
Kutztown, PA 19530,129 W MAIN ST

$1,015,000

Est. payment /mo

$1,099,500

7.7%
Est.Price: ?

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129 W MAIN ST Kutztown, PA 19530

8,460 SqFt

SOLD DATE : 06/07/2018

Key Details

Sold Price $1,015,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 8,460 sqft

Price per Sqft $119

Subdivision None Available

MLS Listing ID 1004937721

Style Other

Year Built 1893

Annual Tax Amount $12,968

Tax Year 2018

Lot Size 5,227 Sqft

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. 6 of the 8 units are rented for the 2018-19 school year. Cap rate of 10.68 makes this property an excellent investment opportunity.

Location

State PA

County Berks

Area Kutztown Boro (10255)

Zoning CC

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Heating Gas

Cooling None

Laundry Has Laundry

Exterior

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Kutztown Area Senior

School District Kutztown Area

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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

Jason Gareau

Broker

+1(609) 929-4486

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