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About the Listing FREDKGRP - 3192492,3358526
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 2 recently updated units 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 9.3% CAP rate based on current rents and expenses. CAP rate increases to 9.9% (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 from the vacant units. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases.
Listing Highlights for 164 164-168 W Main St
Status
Active
Days on Site
118
Property Type
Commercial Sale
MLS ®
PABK2057252
Year Built
1890
Total Square Footage
13,186
Lot/Acreage
0.21
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water,Baseboard - Electric
- Fireplaces:
- Floor: Laminate Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 12
- Zoning: Commercial
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Paved Parking,Private,Surface,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $11,154
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
164 164-168 W Main St Kutztown, PA 19530
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