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KUTZTOWN STUDENT HOUSING - Incredible opportunity to purchase a well maintained 4 unit building just minutes from Kutztown University. 7.14% 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 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.
| DAYS ON MARKET | 2 | LAST UPDATED | 3/31/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Kutztown Boro (10255) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | KUTZTOWN AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Kutztown Boro (10255) |
| CONSTRUCTION | Aluminum Siding, Vinyl Siding |
| HEAT | Baseboard, Oil |
| LOT | 0.35 acre(s) |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 6054 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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