Property
Kutztown, PA 19530 164-168 W Main Street
$1,025,000
51 more
Presented By: Howard Hanna The Frederick Group
SQFT • 13,186
Home Details
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.
Presented By: Howard Hanna The Frederick Group
Interior Features for 164-168 W Main Street
Other Interior Features
Central Air Y/NNo
FlooringLaminate Plank
Heating FuelOil, Natural Gas Available
Heating Y/NYes
Hot WaterOil
Number of Elevators
Total Stories3
General for 164-168 W Main Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Avg. Electric Per Month167.0
Business TypeApartment Building, Restaurant/Bar
Cap Rate7.50
CityKUTZTOWN
Construction MaterialsBrick, Brick Veneer
Cool FuelNone
CoolingNone
CountyBERKS
DirectionsFrom Rt-222 Kutztown Bypass, take Rt-737 exit. Turn south on Krumsville Rd, which becomes Greenwich St. At T-Stop at Main St, turn right. Properties will be on your left. To rear parking, take first left
Electric Expense2000.00
Gross Income122376.00
HeatingBaseboard - Hot Water, Baseboard - Electric
Insurance Expense5779.00
Location TypeDowntown
Lot Size Square Feet9148.00
Lot Size UnitsSquare Feet
MLS AreaKutztown Boro (10255)
MaintenanceExpense3000.00
ModificationTimestamp2025-05-20T13:30:05
MunicipalityKUTZTOWN BORO
Net Operating Income78293.00
New ConstructionNo
Number Of Units Total8
Operating Expense44083.00
OwnershipFee Simple
PossessionNegotiable, Immediate
Price Per Sq Ft Total AG77.73
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount11154.0
Tax Assessed Value126400.0
Tax Lot5520
Tax Year2025
Total Actual Rent126276.00
Trash Expense3000.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceEstimated
ZoningR/C
Exterior for 164-168 W Main Street
Building Area Total13186.00
Car Parking Spaces12
InclusionsAll fridges and stoves in the apartments
Land Assessed Value54600.00
Land Use Code4124
Lot Size Acres0.21
Lot Size SourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Private, Surface
Road ResponsibilityBoro/Township
Road Surface TypePaved
Total Loading Docks0
Total Parking Spaces12
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Ebonie Clerier
Associate