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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 2 recently updated units 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 9.3% CAP rate based on current rents and expenses. CAP rate increases to 9.9% (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 from the vacant units. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases.
| DAYS ON MARKET | 102 | LAST UPDATED | 8/7/2025 |
|---|---|---|---|
| TRACT | Not in Development | YEAR BUILT | 1890 |
| COMMUNITY | Kutztown | COUNTY | Berks |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jun 16, '25 | $1,025,000 |
|---|---|
| Jun 16, '25 - Aug 7, '25 | $950,000 |
| Aug 7, '25 - Today | $900,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Kutztown |
| CONSTRUCTION | Brick, Brick Veneer |
| HEAT | Baseboard, Oil |
| LOT | 9148 sq ft |
| LOT DIMENSIONS | 9148.0 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | Not in Development |
| TAXES | 11154 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
Listed with HowardHanna TheFrederickGroup
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