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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Carrie Ward • Howard Hanna The Frederick Group

$890,000

Est. payment - /mo

9,148 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PABK2057252

Year Built 1890

Annual Tax Amount $11,154

Tax Year 2025

Lot Size 9,148 Sqft

Acres 0.21

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

UPDATE: Both Commercial Leases now extended (3 years and 10 years). 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 unit being filled. Five of the six residential units have been renovated by current owner, one of the commercial spaces was brought up to code, the oil furnace was converted to gas, and the parking lot was paved and lined recently. Priced at a 10.27% CAP rate based on rents and expenses. Call today to inquire about showings. Proof of funding required in order to show. 48 hours mandatory tenant notice period required by tenant leases.

Location

State PA

County Berks

Area Kutztown Boro (10255)

Zoning R/C

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water, Baseboard - Electric

Cooling None

Flooring Laminate Plank

Inclusions All fridges and stoves in the apartments

Heat Source Natural Gas

Exterior

Garage Spaces 12.0

Water Access N

Street Surface Paved

Accessibility None

Road Frontage Boro/Township

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Kutztown Area

Others

Tax ID 55-5443-08-87-5520

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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164-168 W MAIN ST Kutztown, PA 19530