Address
164 West Main Street, Kutztown, PA
Price
$ 1,000,000
Property Attributes
  • ID#722650
  • TypeMulti-Family
  • CountyBERKS
  • CityKutztown
  • AreaKutztown
  • NeighborhoodNot in Development
  • Zip19530
  • StyleCommercial
  • Year Built1890
  • Taxes$ 10775
  • Price$ 1,000,000
  • Bedrooms16
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage13186
Data Source:
Greater Lehigh Valley MLS (GLVMLS)
Property Description

INVESTMENT OPPORTUNITY in Kutztown. 2 buildings, 6 residential units and 2 commercial spaces are 100% occupied at an 8% CAP Rate. The two restaurants have long term leases. The franchise Takii Ramen Noodle restaurant just moved in and fits nicely with the resurgence Kutztown is experiencing. The residential units are rented to long term tenants. Although the 25 student permits are still valid and up to date the Landlord decided to rent to families. Many recent upgrades throughout. 164 Main St was renovated top to bottom. New bathrooms, Kitchen and Bedrooms. A new fire system was replaced and upgraded two years ago. The rear lot was paved and lined last year.

Price History
9/1/2023 Listed $1,000,000

General Features

Sewer Public
Construction Brick
Cooling No Air,Wall AC,Window ACs
Parking Paved Lot
Water Public
Electric 4140
Subdivision Not in Development
Parking Spaces 12
County Berks
Zoning Code res/comm
School District Not Applicable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19530

Price
AVG $1M
$1M
Taxes
AVG $10,775
$10,775
Visits
AVG 272
275
Data Provided by Inside Real Estate®
Year Built
AVG 1890
1890
Walkscore
AVG 85
85
Data Provided by Walkscore® not using MLS data