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11 E MAIN ST Kutztown, PA 19530
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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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Bought with Zori Croissette • Keller Williams Real Estate - Allentown