Property

Reading, PA 19605 2732 Kutztown Road

Pending
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Presented By: Iron Valley Real Estate of Berks
  • MLS# PABK2046090
  • 07/25/2024
  • Request Tour
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  • Beds • 5

Home Details

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.
Presented By: Iron Valley Real Estate of Berks

Interior Features for 2732 Kutztown Road

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
BasementFully Finished, Heated
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterElectric
Total Stories4

General for 2732 Kutztown Road

AccessibilityNone
Architectural StyleTraditional
Cap Rate8.40
CityREADING
Construction MaterialsBrick, Vinyl Siding
Cool FuelElectric
CoolingCentral A/C, Window Unit(s)
CountyBERKS
Directions*
DisclosuresAgent has Financial Interest, Owner RE Licensee
FULLFee Simple
Garage Y/NNo
HeatingHot Water, Baseboard - Electric
Lot Size Square Feet11761.00
Lot Size UnitsSquare Feet
MLS AreaMuhlenberg Twp (10266)
ModificationTimestamp2024-12-06T12:34:53
MunicipalityMUHLENBERG TWP
New ConstructionNo
Number of Units Leased7
NumberOfUnitsTotal4
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
PossessionImmediate
Price Per Sq Ft Total AG220.0
Property ConditionExcellent
Property SubtypeQuadruplex
Property TypeMulti-Family
RoofArchitectural Shingle
School DistrictMUHLENBERG
SewerPublic Sewer
Single Room Units Count5
Standard StatusPending
StatusPENDING
Structure TypeDetached
Tax Annual Amount6267.0
Tax Assessed Value123600.0
Tax Lot0068
Tax Year2024
Total Actual Rent63000.00
Total SQFT3000
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceEstimated
ZoningMIXED RES/COMM

Exterior for 2732 Kutztown Road

Foundation DetailsStone
Land Assessed Value61200.00
Land Use Code4119
Lot Dimensions0.00 x 0.00
Lot Size Acres0.27
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Parking Lot - # of Spaces16
PoolNo Pool
Total Parking Spaces16
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $495,000
MLS#PABK2046090
List Date 07/25/2024
Property Type Pending
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