KUTZTOWN STUDENT HOUSING - Incredible opportunity to purchase a well maintained 4 unit building just minutes from Kutztown University. 7.71% Cap Rate. 12.21% Cash on Cash Return. Property consists of four apartments licensed for 11 students with 11 individual bedrooms, common area, laundry room, off street parking for 13 cars… Read More and 3 oversized garage bays. All apartments have one full bath. 0ne 2 student apartment and three 3 student apartments. Landlord pays water, hot water, sewer, taxes, insurance, basement and laundry area electric. Tenants pay for electric, trash, cable and internet (all apartments are electric baseboard heat). 5 meters, one for each unit plus landlord meter. New improvements include new vinyl siding on building (2024) and new roofs on building and two garages(2024) water heater (2019)and $58k addition of two bedrooms to unit 4 apartment to increase total student permit from 9 to 11 bedrooms (2013). All appliances are included in the sale. Centrally located next to Turkey Hill and within walking distance to downtown dining & shopping. Great rental history. Additional rent from summer occupancy and garage rental. Read Less
4,110 net sqft, 4,110 total building sqft, Built in 1900, Major renovation in 2012, 4 units in building, 3 levels in building, Vinyl Siding, Aluminum Siding
Cooling
None, None
Water Features
Water Access, Water Body Type: Creek, Water Oriented
Heating
Oil, Baseboard - Electric
Lot
15,246 sqft, Lot Size Dimensions: 0.00 x 0.00, 0.35 acres
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