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11 E Main St
Kutztown, PA 19530
Student Housing/ Commercial Store Front · Multifamily Property For Sale
·
30 Units
PROPERTY FACTS
| No. Units | 30 | Lot Size | 0.57 AC |
| Property Type | Multifamily | Building Size | 41,663 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Zoning | C | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 41,663 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | C |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
ABOUT 11 E MAIN ST , KUTZTOWN, PA 19530
Marcus & Millichap is pleased to present Mid-Town Apartments for sale to qualified investors. Subject property is a three story, 30 unit mix-use student housing building located in Kutztown, Pennsylvania, ½ mile away from Kutztown University of Pennsylvania. Subject Property contains (5) retail spaces, (6) studio units, (10) one-bedroom / one-bathroom units, (6) two-bedroom / one-bathroom units, (1) five-bedroom / one-bathroom unit, and (2) six bedroom / one-bathroom units. There is a permit for forty-three students in the building. Water, Sewer, and trash are paid for by owner. Current rents range from $2,400-$3,400 per semester and $500-$675 per month for the retail spaces. The (5) retail tenants consist of a Steak & Hoagie Shop, Vapor Shop, Barber Shop, Karate Gym, and Vintage Clothing Shop. All retail tenants are on a year to year lease. The apartment building has been well maintained, especially in recent years. Leases for the apartment units are per semester, with a move out date in May. This gives the owner a value add opportunity as the units turn. Tenants enjoy convenient and easy access to campus and downtown Kutztown nightlife, nearby restaurants, separate entrances, and private parking. This is an excellent investment opportunity in the Kutztown University student housing market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 10 | - | - |
| 2+1 | 6 | - | - |
| 5+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 55-5443-08-88-6366 | Improvements Assessment | $626,700 |
| Land Assessment | $88,400 | Total Assessment | $715,100 |
PROPERTY TAXES
