164 -168 West Main Street
Kutztown,
PA
19530
Property Details
| List Price: |
$1,025,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
13186 Square Feet |
| Agency: |
HowardHanna TheFrederickGroup |
| Agency Phone: |
(610) 398-0411 |
Description/Comments
| Lot Size: |
0 acre(s) |
| Property Type: |
Residential Multi Family-Other |
| Year Built: |
1890 |
| Notes: |
Take advantage of this desirable location in the thriving Kutztown historic downtown area within walking distance to Kutztown University. Approved for both apartments and student rental uses. Purchase this package of two buildings on two parcels with 6 spacious residential and 2 commercial units. Nearly fully rented with 1 vacancy being filled. Five of the six residential units have been renovated by current owner, one of the commercial spaces was brought up to code, and the parking lot was paved and lined recently. Priced at a 6.5% CAP rate based on current rents and expenses. CAP rate increases to 7.4% (i.e. a higher return) with both the conversion of the furnace from oil to gas which reduces owner's expenses by over $5,000 annually and with increased rents at the planned turnovers in May and June. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases. |
| MlsNumber: |
-- |
| ListingId: |
756495 |
Estimate Your Monthly Payment
| Listing Provided By: |
HowardHanna TheFrederickGroup, original listing |
| Phone: |
(484) 347-2359 |
| Office Phone: |
(610) 398-0411 |
| Agent Name: |
Carrie C. Ward |
| Disclaimer: |
Copyright © 2025 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
