164 W Main Street, Kutztown Borough, PA 19530 (MLS # 756495)

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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 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.

DAYS ON MARKET 4 LAST UPDATED 5/7/2025
TRACT Not in Development YEAR BUILT 1890
COMMUNITY Kutztown COUNTY Berks
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
School District Not Applicable


ADDITIONAL DETAILS
AREA Kutztown
CONSTRUCTION Brick
LOT 9148 sq ft
SEWER Public Sewer
SUBDIVISION Not in Development
TAXES 11154
WATER Public
ZONING Commercial
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only
Listed with HowardHanna TheFrederickGroup
BrightMLS

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Data last updated: 5/11/25 6:01 AM PDT

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