About 10 E Main St
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 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.
Features of 10 E Main St
| MLS® # | PABK2055128 |
|---|---|
| Price | $625,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,782 |
| Acres | 0.35 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Other, Quad |
| Style | Other |
| Status | Active |
Community Information
| Address | 10 E Main St |
|---|---|
| Area | Kutztown Boro (10255) |
| City | KUTZTOWN |
| County | BERKS-PA |
| State | PA |
| Municipality | KUTZTOWN BORO |
| Zip Code | 19530 |
Amenities
| # of Garages | 1 |
|---|---|
| Garages | Additional Storage Area |
| View | Creek/Stream |
| Is Waterfront | No |
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | None |
| Has Basement | Yes |
| Basement | Full |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Vinyl Siding, Alum/Steel Siding |
|---|---|
| Lot Description | Level, Rear Yard, Stream/creek |
School Information
| District | KUTZTOWN AREA |
|---|
Additional Information
| Date Listed | April 1st, 2025 |
|---|---|
| Days on Market | 211 |
| Zoning | CC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|---|
| Contact Info | 2156412727 |