Contact Now! MoreMenu

129 W MAIN ST, Kutztown, Pennsylvania

$1,150,000Active

129 W MAIN ST, Kutztown, Pennsylvania 19530
John Monaghan Group Of Kutztown - MLS® ID: 7032777

Property Details

129 W MAIN ST, Kutztown, Pennsylvania 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.

Amenities

  • Zip19530
  • CountyBerks
  • StatusActive
  • Purchase TypeActive
  • Property typeCommercial
  • Zoning typeCC
  • School districtKutztown
  • Year built1892
  • Lot size0.12
  • SewerPublic Sewer
  • Tax amount$12,879.00
  • Tax year2017
  • Office IDMONAGHAN
  • Agent ID60038198
  • Agent nameSusan Bernhard
  • MLS® ID7032777

Broker: John Monaghan Group Of Kutztown

Listing Courtesy of John Monaghan Group Of Kutztown

Have Questions?

“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”

Call us
215-400-2620