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555 College Blvd
Kutztown, PA 19530

DLP Kutztown · Multifamily Property For Sale · 184 Units

Investment Highlights

  • 184-unit/552-bed student housing multi-family community under 0.5 miles from Kutztown University with approximately 7,800 students.
  • Free of major deferred maintenance items, offering an investor the opportunity to focus on improving the Property’s performance.
  • Opportunity exists to convert this student-housing-focused asset to market-rate given its competitive unit finishes and desirable amenity package.
  • This dynamic location boasts a population of 12,800 with a median household income of $62,800 within a three-mile radius of the property.

PROPERTY FACTS

No. Units 184
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class A
Lot Size 22.56 AC
Building Size 173,696 SF
Average Occupancy 93%
No. Stories 2
Year Built 2008
Parking Ratio 2.3/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Microwave
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Controlled Access
  • Clubhouse
  • Fitness Center
  • Property Manager on Site
  • Tanning Salon
  • Breakfast/Coffee Concierge
  • Furnished Units Available
  • Grill
  • Media Center/Movie Theatre
  • Package Service
  • Walking/Biking Trails
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+3 26 - -
3+3 158 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
63-5444-00-50-4213
Land Assessment
$3,926,900
Improvements Assessment
$6,325,600
Total Assessment
$10,252,500

zoning

Zoning Code R4
R4
  • Listing ID: 22381019

  • Date on Market: 3/3/2021

  • Last Updated:

  • Address: 555 College Blvd, Kutztown, PA 19530

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