Bought with Jeffrey D Dieffenbach • RE/MAX Evolved
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $475,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $197
MLS Listing ID PABK2057338
Sold Date 08/01/25
Style Colonial
Abv Grd Liv Area 2,400
Year Built 1910
Available Date 2025-05-24
Annual Tax Amount $3,973
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Welcome to 18 E Main St in Kutztown. The owners have meticulously maintained this excellent investment opportunity for 42 years. Over the last few years, kitchens and bathrooms have been updated during the change in tenancy. All kitchens have granite counters, tile backsplashes, updated cabinets, electric ranges, and refrigerators. The units have a combination of wall-to-wall carpeting and laminate flooring. All units have private entrances. Virtually a total maintenance-free exterior, replacement insulated windows, and the roof was replaced in 2021. Coin-operated washer and dryer in the basement with an instant water heater to save on electricity costs, since it only heats water on demand for the washer. The owner only pays for water and sewer for the building and electricity for common areas. Tenants pay for electricity, trash removal, and recycling. All tenants have access to the basement laundry facilities via a combination lock. All leases except one are anticipated to be updated by August 2025. Please view the media links for 3D Models. Get your financing together for this 8.9% cap rate.
Location
State PA
County Berks
Area Kutztown Boro (10255)
Zoning CC- BUSINESS COMMERCIAL
Rooms
Basement Drainage System, Full, Outside Entrance, Poured Concrete, Rear Entrance, Sump Pump
Interior
Interior Features Carpet, Combination Kitchen/Living, Combination Kitchen/Dining, Upgraded Countertops
Hot Water Electric, Multi-tank
Heating Baseboard - Electric
Cooling None
Equipment Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater - High-Efficiency, Water Heater - Tankless
Fireplace N
Window Features Double Hung,Energy Efficient,Insulated,Replacement
Appliance Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater - High-Efficiency, Water Heater - Tankless
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Roof Type Asphalt
Street Surface Black Top
Accessibility None
Road Frontage Boro/Township
Total Parking Spaces 4
Garage N
Building
Lot Description Flood Plain, Level, Not In Development, Open, Rear Yard, Road Frontage
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Kutztown
Middle Schools Kutztown
High Schools Kutztown Area Senior
School District Kutztown Area
Others
Tax ID 55-5443-08-88-8254
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Nathan Labish
Real Estate Agent | License ID: 0225271116
Real Estate Agent License ID: 0225271116