Kutztown Borough, Pennsylvania listings for sale

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$1,025,000 - Kutztown Borough, PA
164 W Main Street Kutztown Borough, PA - 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 7.6% CAP rate based on current rents and expenses. CAP rate increases to 8.6% (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.
1890 | 0 | 0 | 13,186 sqft.
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$475,000 - Kutztown Borough, PA
18 E Main Street Kutztown Borough, PA - Welcome to 18 E Main St in Kutztown. The owners have meticulously maintained this excellent investment opportunity for 42 years. Over the last few years, kitchens and bathrooms have been updated during the change in tenancy. All kitchens have granite counters, tile backsplashes, updated cabinets, electric ranges, and refrigerators. The units have a combination of wall-to-wall carpeting and laminate flooring. All units have private entrances. Virtually a total maintenance-free exterior, replacement insulated windows, and the roof was replaced in 2021. Coin-operated washer and dryer in the basement with an instant water heater to save on electricity costs, since it only heats water on demand for the washer. The owner only pays for water and sewer for the building and electricity for common areas. Tenants pay for electricity, trash removal, and recycling. All tenants have access to the basement laundry facilities via a combination lock. All leases except one are anticipated to be updated by August 2025. Please view the media links for 3D Models of three units. Due to the limits of the MLS, we cannot load more than two media links. Get your financing together for this 8.9% cap rate.
1910 | 4 | 4 | 2,400 sqft.