2732 Kutztown Road

Reading, PA 19605

$535,000
Price
Beds
3,000 Sq. Ft.
$178 / Sq. Ft.
3,000
Sq. Ft.
$178
per Sq. Ft.

Description

7-units with large parking lot. Welcome to 2732 Kutztown Rd, a rare and extraordinary multi-unit investment property located in the heart of Muhlenberg Township. This incredible asset offers a unique combination of rental income steams with 4x Single room units and a one bedroom, living room and kitchenette unit all share 1 bathroom. The main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. Unit...7-units with large parking lot. Welcome to 2732 Kutztown Rd, a rare and extraordinary multi-unit investment property located in the heart of Muhlenberg Township. This incredible asset offers a unique combination of rental income steams with 4x Single room units and a one bedroom, living room and kitchenette unit all share 1 bathroom. The main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. Unit #7 is a lower level unit that includes 2 bedrooms, Living room, Kitchen with all appliances and a fully renovated full bathroom. All 5 units on the 2nd and 3rd floors are currently rented month-to-month. In addition there are 16 parking spaces in the parking lot, 8 spaces on the building side are for the tenants and 8 spaces on the street side are available to rent. Separate electric and separate water heaters for main floor and lower level units, and rooms. Owner pays electric and heat for room rentals and heat for 1st floor unit. Lower level has electric baseboard paid by tenant. Air Conditioning electric is paid by 1st floor tenant for unit #1. Public transportation, shops and restaurants. Opportunity to increase cash flow through rent increases and occupancy optimization. Diversified income streams reduce reliance on single tenants. Enormous long-term appreciation in property value. Contact us today to schedule a viewing and take the first step towards building your Real Estate portfolio.
  1. Listed by Jonathan Fabian • Iron Valley Real Estate of Berks
    P: (610)-334-7444 fabiansellshomes@gmail.com

Property Details for 2732 Kutztown Road

Tax ID Number
66-5318-09-05-0068
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
07-25-2024
Municipality
MUHLENBERG TWP
LISTING UPDATED: 11/19/2024 12:24 PM

Property Details for 2732 Kutztown Road

StatusActive
MLS #PABK2046090
Days on Market59
Taxes$6,267 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.27 AC / 11,761 SF
CountyBerks County

Building Information for 2732 Kutztown Road

Stories-Residences4Year Built1930Building Size-Lot Size0.27 AC / 11,761 SF

Property Information for 2732 Kutztown Road

Location
Location
  • School District Name: MUHLENBERG
  • School District County ID: 300200397508
  • SchoolDistrictSource: Listing Agent
  • County: BERKS
  • MLS Area: Muhlenberg Twp (10266)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $123,600
  • Year Assessed: 2024
  • County Tax: $1,031
  • Improvement Assessed Value: $62,400
  • City Town Tax: $705
  • Land Assessed Value: $61,200
  • Clean Green Assessed: No
  • Land Use Code: 4119
  • Zoning: MIXED RES/COMM
  • Tax Lot: 0068
  • School Tax: $4,531
  • Tax Page Number: 18
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 5
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 1
  • Units Leased Count: 7
  • Number Of Units Month To Month: 5
Financial Information
Financial Information
  • Annual Rental Income: $63,000
  • Cap Rate: 8.40
Building Info
Building Info
  • Year Major Reno Remodel: 2024
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1547415
Parking
Parking
  • Type Of Parking: Parking Lot
  • Parking Lot - # of Spaces: 16
  • Parking Features: Paved Parking
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water, Baseboard - Electric
  • Heating Fuel: Natural Gas, Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 2732 Kutztown Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2732 Kutztown Road

Taxable ValueLand$61,200Additions$62,400Total$123,600
Tax Record2024$1,736 ($145 / month)
Home Facts
Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt4,480 SqFtStories2Lot Size11,761 SqFtStyleOffice BuildingYear Built1920CountyBERKSAPN5318-09-05-0068

Schools near 2732 Kutztown Road

This home is within Muhlenberg School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 6
Public - 7 to 9
Public - 10 to 12
Rating
School
Distance
Muhlenberg El Center
PublicK to 3

C E Cole Intermediate School
Public4 to 6

Muhlenberg Middle School
Public7 to 9

Muhlenberg High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2732 Kutztown Road is a multi-family home for sale in Reading, PA 19605. This property was listed for sale on July 25, 2024 by Iron Valley Real Estate of Berks, it's currently listed at $535,000. It has been on the market for a total of 59 days and was last sold on February 5, 2024. This listing's school district is Muhlenberg School District. Nearby schools include Muhlenberg El Center, C E Cole Intermediate School and Muhlenberg Middle School. 2732 Kutztown Road is a 0-bed, 0-bath, 3,000 sqft multi-family home built in 1930.

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Listing Courtesy of Iron Valley Real Estate of Berks

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.