Premier downtown Kutztown student housing location- Fully rented for the 2017-18 school year. This property has been fully rented each school year for the past 10+ years. Property is permitted for 24 students. Current occupancy is 22 students, all in private bdrms. Bldg has six (6)- 3 bdrm units and two(2)- 2 bdrm units. Additional income from sandwich shop, summer rentals and coin operated laundry. Recent updates include new roof in 2014, rear porch upgrade 2015, Primary HW heater 2014, gas fired boilers, HW flrs and upgrades to fire escapes,2013. Property has updated appliances, master key lock system for ease of key management and dedicated website for marketing. 6 of the 8 units are rented for the 2018-19 school year. Cap rate of
10.68 makes this property an excellent investment opportunity.
Full Property Details
Full Property Details for 129 W Main St
Sold For: $1,015,000
Taxes: $12,968 (2018)
MLS ID: 1004937721
Added: 203 day(s) ago
Includes: Land Only
Laundry: Has Laundry
Total Spaces: 4
Parking Type: None
Other Parking Total: 4
Area: Kutztown Boro (10255)
Development Name: None Available
Subdivision: None Available
Cross Streets: Greenwich
Driving Directions: Main St Kutztown - On the right as you head towards University
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History
Price & Sales History for 129 W Main St
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
129 W Main Street, Kutztown, PA 19530 (MLS# 1004937721) is a
Multi-Family property that was sold at $1,015,000 on June 07, 2018.
This property was sold by Jason Miller from our Wyomissing Office.Want to learn more about 129 W Main Street?
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