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.
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Joseph Leone
$300,000
Pottstown Area Residential Home
Active
555 Glasgow Street Pottstown, PA 19464
0 Bed
2 Baths
2700 sqft
MLS# PAMC2120360
This property is currently configured for commercial use. Zoning is R-3 Residential. If you purchase for residential use, you will have to fit it out for that use in accorddance with West Pottsgrove current building codes. Medical commercial use approved as special exception by township..2,700+ SF two level Professional office space for Sale or Lease. . Last use was fit out as Medical offices. Property is configured with signage at front and side of building. With Special Exception from West Pottsgrove Township, property uses may include, personal services, and administrative activities, including sale of products customarily incidental to the uses such as offices of agents, physicians, dentist, lawyers, architects, engineers, musicians, artists, teachers, optometrists, schools, religious uses, Multifamily dwelling, Community Center, library and club or fraternal institutions. 13 car parking (including two accessible parking spaces. Accessible rails from parking lot to front entrance. First floor is configured with one accessible bathroom and one half bath, large reception and waiting areas and 5 examination offices. Lower level consists of second accessible bathroom , 5 additional offices for administrative staff. Lower level has 2 emergency exits. Property is located two blocks from West High Street. Both parcel 64-00-01657-007 and 64-00-01654-001 are included in the sale. This property is zoned R-3 which permits as of right residential uses. Property may be fit out for residential use in according to all West Pottsgrove building codes.
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Joseph Leone