11 E Main St
KUTZTOWN, PA 19530

$1,700,000

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.

Details

MLS#PABK336572
StyleIndustrial
Sub-TypeResale
StatusActive
Year1910
Days On Site146

Features

SQ Feet24,829
Story(s)0
ZoningCOMMERCIAL

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Area Information

StatePA
CityKUTZTOWN
Zip Code19530
AreaKutztown Boro (10255)
Listing VS Median (in 19530)
Price:
$1,700,000
low | high
Med:
$350,000
100% of Average
SqFt:
24,829
low | high
Med:
4,000
100% of Average
$ / SqFt:
$68
low | high
Med:
$88
22.203676470588% of Average
On Site:
146
low | high
Med:
152
96.052631578947% of Average
Listing Updated: 08/19/2019
MLS Number: PABK336572
Listing Provided By:
Jerry G Buffa  of  Coldwell Banker Residential Brokerage-Wyomissing