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164 -168 W Main Street, Kutztown Boro, PA 19530

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For Sale

$950,000

13,186 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $72.05
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 8.2% CAP rate based on current rents and expenses. CAP rate increases to 9.2% (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.
MLS# 756495

Courtesy Of Howard Hanna The Frederick Group

(610) 398-0411

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Brick
  • Heating System
    Baseboard
  • Lot Size
    0.21 Acres

Home seller CENTURY 21 Gold

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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