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. . Cap rate of 10.68 makes this property an excellent investment
opportunity. 6 of the 8 units are rented for the 2018-19 school year.
129 W Main Street, Kutztown, PA 19530 (MLS# 1004938109) is a
Apartment 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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Lease with a Right to Purchase
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