305 SW Main St
Kutztown Borough, PA 19530

Description

Perfect Investment Property! Cap Rate at 14%!!! Owner financing available!! A well established retail store is on the first floor. Upstairs, find two spacious apartments just minutes away from Kutztown University and right on the main strip in town. Property is permitted for 10 students. The first apartment has 2 bedrooms, a living room, eat in kitchen and bathroom. The second has three bedrooms, a living room, eat in kitchen and bathroom. Plenty of food & entertainment within walking distance & close to public transportation. Don't miss out on this great opportunity! 600 per month per student average 5-6 students per year.Will average 1200 per month for one unit and 1800 per month for the other. 14400 and 21600 gross for student units. Students and commercial tenant pays all utilities.

Details

MLS#609800
Sub-TypeResale
StatusActive
Year1910
Days On Site88

Features

SQ Feet3,000
Units3

Additional Information

Total Taxes3758.00

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Area Information

StatePA
CountyBerks
CityKutztown Borough
Zip Code19530
AreaKutztown
Listing VS Median (in 19530)
Price:
$284,900
low | high
Med:
$299,999
44.700245700246% of Average
SqFt:
3,000
low | high
Med:
2,340
72% of Average
$ / SqFt:
$95
low | high
Med:
$128
15.000315000315% of Average
On Site:
88
low | high
Med:
148
59.459459459459% of Average
Listing Updated: 07/22/2019
MLS Number: 609800
Listing Provided By:
Jonathan C. Campbell  of  DLP Realty