Description
INVESTMENT OPPORTUNITY in Kutztown. 2 buildings, 6 residential units and 2 commercial spaces are 100% occupied at an 8% CAP Rate. The two restaurants have long term leases. The franchise Takii Ramen Noodle restaurant just moved in and fits nicely with the resurgence Kutztown is experiencing. The residential units are rented to long term tenants. Although the 25 student permits are still valid and up to date the Landlord decided to rent to families. Many recent upgrades throughout. 164 Main St was renovated top to bottom. New bathrooms, Kitchen and Bedrooms. A new fire system was replaced and upgraded two years ago. The rear lot was paved and lined last year.
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16BEDS
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N/AACRES
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7BATHS
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01/2 BATHS
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13,186SQFT
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$76$/SQFT
Description
INVESTMENT OPPORTUNITY in Kutztown. 2 buildings, 6 residential units and 2 commercial spaces are 100% occupied at an 8% CAP Rate. The two restaurants have long term leases. The franchise Takii Ramen Noodle restaurant just moved in and fits nicely with the resurgence Kutztown is experiencing. The residential units are rented to long term tenants. Although the 25 student permits are still valid and up to date the Landlord decided to rent to families. Many recent upgrades throughout. 164 Main St was renovated top to bottom. New bathrooms, Kitchen and Bedrooms. A new fire system was replaced and upgraded two years ago. The rear lot was paved and lined last year.
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