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Kutztown,PA 19530
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2055124
Year Built 1900
Available Date 2025-04-01
Annual Tax Amount $6,054
Tax Year 2025
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 0.00 x 0.00
Property Sub-Type Other
Source BRIGHT
Property Description
KUTZTOWN STUDENT HOUSING - Incredible opportunity to purchase a well maintained 4 unit building just minutes from Kutztown University. 7.71% Cap Rate. 12.21% Cash on Cash Return. Property consists of four apartments licensed for 11 students with 11 individual bedrooms, common area, laundry room, off street parking for 13 cars and 3 oversized garage bays. All apartments have one full bath. 0ne 2 student apartment and three 3 student apartments. Landlord pays water, hot water, sewer, taxes, insurance, basement and laundry area electric. Tenants pay for electric, trash, cable and internet (all apartments are electric baseboard heat). 5 meters, one for each unit plus landlord meter. New improvements include new vinyl siding on building (2024) and new roofs on building and two garages(2024) water heater (2019)and $58k addition of two bedrooms to unit 4 apartment to increase total student permit from 9 to 11 bedrooms (2013). All appliances are included in the sale. Centrally located next to Turkey Hill and within walking distance to downtown dining & shopping. Great rental history. Additional rent from summer occupancy and garage rental.
Location
State PA
County Berks
Area Kutztown Boro (10255)
Zoning CC
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Inclusions All appliances
Heat Source Oil
Exterior
Garage Spaces 13.0
Water Access Y
Roof Type Asphalt
Accessibility None
Total Parking Spaces 13
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Kutztown Area
Others
Tax ID 55-5443-08-88-8139
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard