Kutztown, PA 19530,11 E MAIN ST
Kutztown, PA 19530,11 E MAIN ST
Kutztown, PA 19530,11 E MAIN ST
Kutztown, PA 19530,11 E MAIN ST
Kutztown, PA 19530,11 E MAIN ST
Kutztown, PA 19530,11 E MAIN ST
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$1,550,000

$1,695,000

8.6%
Est.Price: ?

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Est. payment /mo

24,829 SqFt


SOLD DATE : 02/22/2022

Key Details

Sold Price $1,550,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 24,829 sqft

Price per Sqft $62

MLS Listing ID PABK2004018

Sold Date 02/22/22

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $30,185

Tax Year 2021

Lot Size 0.570 Acres

Acres 0.57

Property Description

Attention Investors! Excellent opportunity for major cashflow under 1 roof. Crashpad Properties University housing is conveniently located in downtown Kutztown. Great location, right in the center of town within walking distance of Kutztown University, nightlife, restaurants, and the community park. This property historically features excellent occupancy rates with 25 residential units and 5 commercial units. Property is currently licensed for 43 students and features 5 additional commercial units on the first floor. Fully occupied during school year, 40% +/- in summer. All electric was upgraded in 2007 including electric heat in all units, with separate meters for each. Landlord pays water, sewer, trash, and common area electric. Many other upgrades completed over the last 10 years. Off-street parking in the rear of the building for approx 20 cars.

Location

State PA

County Berks

Area Kutztown Boro (10255)

Zoning COMMERICAL

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 20.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Kutztown Area

Others

Tax ID 55-5443-08-88-6366

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Bradley K Mullen • Realty Mark Associates-Orwigsburg
Bought with Zori Croissette • Keller Williams Real Estate - Allentown
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