11 E Main Street

    KUTZTOWN, PA 19530
    • $1,700,000
    • STATUS: Active
    • ON SITE: 179 days
    • ID#: PABK336572
    UPDATED: 27 min ago
    $1,700,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    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.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-22T14:52:26.55.
    www.scottkompa.com/homes/93060577

    11 E Main Street KUTZTOWN, PA 19530

    • Price: $1,700,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: PABK336572
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    1910
    Built
    Neighborhood:
    Kutztown Boro (10255)
    County:
    Berks
    Area:
    Kutztown Boro (10255)
    School District:
    Kutztown Area
    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.
    Exterior Features

    Construction Materials Brick Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 24829.00 Cooling Heat Pump(S) Heating 90% Forced Air Heating YN Yes Net Square Feet 24829.00

    Property Features

    Accessibility Features None Assessment Year 2018 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Natural Gas Incorporated City Name Kutztown Boro Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 301584030107 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 29828.0 Tax Assessment Amount 715100.0 Tax Lot 6366 Vacation Rental YN No Water Source Public Zoning Commercial

    Listing courtesy of Coldwell Banker Residential Brokerage-Wyomissing.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-09-22T14:52:26.55.
     
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