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129 W Main Street, Kutztown, PA 19530

$1,015,000

  • Sold
  • Closed
  • Apartment
129 W Main Street, Kutztown, PA 19530View this property at 129 W Main Street, Kutztown, PA 19530
129 W Main StreetKutztownPA19530

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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. . 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.

Full Property Detailsfor 129 W Main Street

General

  • Sold For: $1,015,000
  • Taxes: $12,968 (2018)
  • Status: Closed
  • Type: Apartment
  • MLS ID: 1004938109
  • Added: 149 day(s) ago

Business

  • Business Type: Apartment Building
  • Includes: Land and Building, Land Only

Rental Information

  • Rent Includes: Heat, Water, Sewer, Lawn Service, Snow Removal

Interior

  • Flooring: Wood, Vinyl

Parking

  • Parking Features: 1 to 5 Car Garage
  • Parking Type: None
  • Parking: 1 to 5 Car Garage

Location

  • Area: Kutztown Boro (10255)
  • County: Berks
  • Development Name: None Available
  • Subdivision: None Available
  • Cross Streets: Greenwich
  • Driving Directions: Property located on Main St in Kutztown - On the right as you head up to the University.
  • Location Details: Downtown

Heating & Cooling

  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Construction: Brick
  • Stories/Levels: 0
  • Finished Above Grnd: 8,460 Sq. Ft.
  • Year Built: 1893
  • Year Built Source: Estimated

Lot Features

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

Financial Considerations

  • Price Per Sq. Ft.: $119.98
  • Tax w/Assessment: $310,900
  • Tax Amount: $12,968
  • Tax Year: 2018
  • Tenant Pays: Electricity

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Business (Betty's) Not Included In Sale, All Rest. Equip.
  • Inclusions: See Attached List
  • Lot: 4756

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— 129 W Main Street —

Schools

Schoolsserving 129 W Main Street

School District:Kutztown Area School District
School Name
Grades
Distance
Kutztown Area Senior High School
50 Trexler Ave, Kutztown, PA 19530
9-12
0.5 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 129 W Main Street

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 Infofor 129 W Main Street

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