Student Housing For Sale

1 Reply

Price $400,000
Location 263 W Main Street, Kutztown, PA, 19530
Property Details

Unit: 1

  • Current Rent: $2,915
  • Occupied: Yes
  • Bedrooms: 4
  • Bathrooms: 2.0
  • Square Footage:

Unit: 2

  • Current Rent: $900
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage:

Student housing at Kutztown University.  The building consists of a 4 bedroom house with an office space below it.  The student housing is permitted for up to 6 students.  The office space has a long term tenant that intends to stay for the foreseeable future.  Tenants pay all utilities besides gas and common area utilities.   PM me if interested.  

Financials Below:

Current Year With 5 Students
Monthly Yearly
Student Rental $ 2,916.67 $ 35,000.00
Office Rental $ 900.00 $ 10,800.00
Gross Rent $ 3,816.67 $ 45,800.00
Taxes $ 345.83 $ 4,150.00
Insurance $ 158.42 $ 1,901.00
Heat $ 182.21 $ 2,186.55
Common Area Utilities $ 83.33 $ 1,000.00
Repairs/Maintenance $ 126.75 $ 1,521.00
Gross Expenses $ 896.55 $ 10,758.55
Net Income $ 2,920.12 $ 35,041.45

Thanks, 

Anthony 

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