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.
Kutztown is located in Pennsylvania. Kutztown, Pennsylvania has a population of 4,257. Kutztown is less family-centric than the surrounding county with 21.59% of the households containing married families with children. The county average for households married with children is 28.1%.
The median household income in Kutztown, Pennsylvania is $49,000. The median household income for the surrounding county is $69,272 compared to the national median of $69,021. The median age of people living in Kutztown is 38.6 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 46.6 inches per year, with 20 inches of snow per year.
