Address
11 E Main Street Kutztown, PA
Price
$ 1,650,000
Property Attributes
  • MLS#PABK358862
  • TypePending
  • CountyBERKS
  • CityKutztown
  • AreaKutztown Boro
  • Zip19530
  • StyleApartment Building
  • Year Built1910
  • Taxes30185
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24829
  • Lot Size0.57 Acres
Listing Provided Courtesy Of:
Coldwell Banker Residential Brokerage-Wyomissing
Property Description

Attention Investors! Excellent opportunity for major cashflow under 1 roof. Crashpad Properties University housing is conveniently located in downtown Kutztown. Great location, right in the center of town within walking distance of Kutztown University, nightlife, restaurants, and the community park. This property historically features excellent occupancy rates with 25 residential units and 5 commercial units. Property is currently licensed for 43 students and features 5 additional commercial units on the first floor. Fully occupied during school year, 40% +/- in summer. All electric was upgraded in 2007 including electric heat in all units, with separate meters for each. Landlord pays water, sewer, trash, and common area electric. Many other upgrades completed over the last 10 years. Off-street parking in the rear of the building for approx 20 cars.

Price History
6/10/2020 Listed $1,690,000
7/22/2020 3% - $1,650,000

General Features

Accessibility None
Business Type Apartment Building
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County BERKS
Heating Forced Air
MLS Area Kutztown Boro (10255)
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 66.45
Property SubType Five Or More Units
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning COMMERICAL

Interior Features

Central Air Y/N Yes
Heating Fuel Electric
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 24829.00
Car Parking Spaces 20
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.57
Lot Size Source Assessor
Lot Size Square Feet 24829.00
Navigable Water Y/N No
Total Parking Spaces 20
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19530

Price
AVG $300K
$1.65M
Taxes
AVG $5,112
$30,185
Visits
AVG 27
55
Year Built
AVG 1938
1910
Walkscore
AVG 31
80
Data Provided by Walkscore ® not using MLS data

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