$1,025,000

164 W Main Street , Kutztown Borough, PA 19530

 
Bedrooms:0 beds
Bathrooms:0 baths
Residential:13,186 sqft
Lot:0.21
Year Built:1890
Listing Status:Active

Listing Agent

Carrie C Ward
http://LehighValley.HowardHanna.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

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.

Detailed Items

Other Information

164 W Main Street, Kutztown Borough, PA, 19530 is a residential listing of 13,186 sqft on a lot of 0.21. This residential listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property164 W Main Street, Kutztown Borough, PA
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