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129 W Main Street, Kutztown, PA 19530

$1,015,000

  • Sold
  • Closed
  • Multi-Family
129 W Main Street, Kutztown, PA 19530View this property at 129 W Main Street, Kutztown, PA 19530
129 W Main StreetKutztownPA19530
Map & Location
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Property Description
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 for 129 W Main St

General

  • Sold For: $1,015,000
  • Taxes: $12,968 (2018)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 1004937721
  • Added: 203 day(s) ago

Business

  • Includes: Land Only

Rooms

Other Rooms

  • Laundry: Has Laundry

Parking

  • Total Spaces: 4
  • Parking Type: None
  • Other Parking Total: 4

Location

  • Area: Kutztown Boro (10255)
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Greenwich
  • Driving Directions: Main St Kutztown - On the right as you head towards University

School Information

  • School District: Kutztown Area
  • High School: Kutztown Area Senior

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Water/Sewer: 4591

Structural Information

  • Architectural Info: Other
  • Structure Type: Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Entrance: Yes
  • Basement Desc.: Full, Unfinished, Outside Entrance
  • Storage: Basement
  • Windows: Replacement
  • Entry Location: Foyer
  • Stories/Levels: 0
  • Year Built: 1893
  • Year Built Source: Estimated
  • Property Condition: Average+Prop

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Dimensions: 0 x 0
  • Zoning: CC

Financial Considerations

  • Price Per Sq. Ft.: $129.96
  • Annual Heat Cost: $7,500
  • Tax w/Assessment: $310,900
  • Tax Amount: $12,968
  • Tax Year: 2018

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Sandwich Shop Business/Restaurant Equip.
  • Inclusions: See Attached List
  • Lot Number: 4756

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— 129 W Main St —
Schools

Schools serving 129 W Main St

Score
Name
Grades
Distance
7
50 Trexler Ave, Kutztown, PA 19530
9-12
0.5 mi
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

Date
Details
Price
Change
Source
6/07/2018
Sold
$1,015,000
-7.69%
MLS
1/23/2018
Listed
$1,099,500
MLS
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.
Community Info

Community Info for 129 W Main St

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? Do you have questions about finding other Multi-Family real estate for sale in Kutztown? You can browse all Kutztown real estate or contact a Coldwell Banker agent to request more information.