10 E Main St , Kutztown Boro is a $650,000, 3,782 square foot home on a 0.35 acre lot located in Kutztown, PA.
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 four 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 & shopping. Great rental history. Additional rent from summer occupancy and garage rental.
| Above Grade Sqft | 3,782 |
| Has Basement? | Yes |
| Basement | Full Basement - Yes |
| Appliances | Hot Water - Electric |
| Interior Features | Accessibility Features - None Other |
| Cooling Types | None Cooling Fuel - None |
| Heating Types | Heating Fuel - Oil Heating - Yes |
| # Parking Spaces | 13 |
| Parking Types | Parking Type - Off Street Parking Type - Lot Parking Type - Detached Garage Type - Additional Storage Area Garage - Yes |
| Exterior Features | Water Body Type - Creek Other Structures - Above Grade Other Structures - Below Grade Water Access Features - Water Access - Yes Waterfront Features - Water Oriented - Yes No Pool |
| Views | Creek/Stream Water View - Yes |
| Construction Types | Aluminum Siding Vinyl Siding |
| Land Type | Lot Features - Stream/Creek Lot Features - Level Lot Features - Rear Yard |
| Water Source | Public |
| Sewer | Public Sewer |
| Property Type | Multi-Family |
| Property Sub Type | Other |
| Style | Other Standard Fee Simple Golf Grocery/Supermarket |
| Architectural Style | Structural Design Type - Other |
| Year Built | 1900 |
| HOA Fee | $0.00 |
| Condo Fee | $0.00 |
| Taxes | $5,969.00 |
| County | berks |
| School District | kutztown area |
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