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Susan Tomaselli

susantfit@verizon.net +1(301) 807-3424

Listed by Carrie C Ward • Howard Hanna The Frederick Group

$ 1,025,000

Est. payment -/mo

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164-168 W MAIN ST Kutztown, PA 19530

13,186 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 13,186 sqft

Price per Sqft $77

MLS Listing ID PABK2057252

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $11,154

Tax Year 2025

Lot Size 9,148 Sqft

Acres 0.21

Property Sub-Type Mixed Use

Property Description

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 1 vacancy 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 7.6% CAP rate based on current rents and expenses. CAP rate increases to 8.6% (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 planned turnovers in May and June. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases.

Location

State PA

County Berks

Area Kutztown Boro (10255)

Zoning R/C

Interior

Hot Water Oil

Heating Baseboard - Hot Water, Baseboard - Electric

Cooling None

Flooring Laminate Plank

Inclusions All fridges and stoves in the apartments

Heat Source Oil, Natural Gas Available

Exterior

Garage Spaces 12.0

Water Access N

Street Surface Paved

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Kutztown Area

Others

Tax ID 55-5443-08-87-5520

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Susan Tomaselli

Agent | License ID: 640430

+1(301) 807-3424

Susan Tomaselli

164-168 W MAIN ST Kutztown, PA 19530

Key Details

Location

Interior

Exterior

Building

Schools

Others

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164-168 W MAIN ST