10 E Main St, Kutztown, Pennsylvania, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$700,000

10 E Main St
Kutztown, Pennsylvania, United States

11bd

Listed By: Realtyww Info

Listed On: 05/09/2023

Listing ID: GL10590839 View More Details

Description

KUTZTOWN STUDENT HOUSING - Incredible opportunity to purchase a well maintained 4 unit building just minutes from Kutztown University. 7.32% Cap Rate. 12.87% Cash on Cash Return. Property consists of five apartments licensed for 11 students with 11 individual bedrooms, common area laundry room, oof street parking for 13 cars and 3 oversized garage bays. All apartments have one full bath. 0ne 2 student apartment and three 3 student apartments. Landlord pays water, hot water, sewer, taxes, insurance, basement and laundry area electric. Tenant pays electric, trash, cable and internet (all apartments are electric baseboard heat). 5 meters, one for each unit plus landlord meter. New improvements include new water heater (2019), New Roof (2014) and $58k addition of two bedrooms to unit 4 apartment to increase total student permit from 9 to 11 bedrooms (2013). All appliances are included in the sale. Centrally located next to Turkey Hill and within walking distance to downtown dining and shopping. Great rental history. Additional rent from summer occupancy and garage rental.

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Listed by: Coldwell Banker Realty