Sold
Last Sold Price
4 beds3 baths1,894 sqft
2514 Kutztown Rd, Reading, PA 19605
Multi FamilyProperty Type
0.28 acresLot Size
1930Year Built
$121/sq ftPrice per sq ft
6 carsParking Spaces

Description

Muhlenberg Schools detached Victorian 4 unit in overall good condition but in need of some work. The building is fully occupied with longterm tenants. The owner pays for gas heat, gas hot water, water, sewer, trash & recycling. There is off street parking for about 6 cars. Mechanicals include a new gas boiler, gas water heater, 200 AMP electric main with 5-100 AMP breaker panels for each unit and owners meter. Unit 1 - 1st fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking,...Muhlenberg Schools detached Victorian 4 unit in overall good condition but in need of some work. The building is fully occupied with longterm tenants. The owner pays for gas heat, gas hot water, water, sewer, trash & recycling. There is off street parking for about 6 cars. Mechanicals include a new gas boiler, gas water heater, 200 AMP electric main with 5-100 AMP breaker panels for each unit and owners meter. Unit 1 - 1st fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, 9 year tenant paying $600/month on a m/m basis. Unit 2 - 1st fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, 3 month tenant paying $600/month on a 1 year lease. Unit 3 - 2nd fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, attic access, 11 year tenant paying $600/month on a m/m basis. Unit 4 - 2nd fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, large covered balcony, 4 year tenant paying $525/month on a m/m basis. Total income: 28,200. total expenses: 11,066. Noi: 17,134. Cap Rate: 8%. Expenses breakdown: Ins: 582. W/s: 3,356. Trash: 1,120. Gas Heat & Hot Water: 1,546. Owner's Electric: 306. Taxes: 4,056. Permits: 100. Excellent potential to own a solid suburban 4 detached 4 unit with sweat equity! Being sold AS IS!
  • Listed by: Jose M Candelaria 610.207.8066 jcandelaria@goberkscounty.com • RE/MAX Of Reading
Listing closed: 12/03/2021 12:00 AM • Source: BRIGHT, MLS#: PABK2000337

Recent comparable sales

Median sold price

$230,000

Avg days on market

10

Sale-to-list ratio

101.3%

Reading, PA

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Location

Listing Courtesy of RE/MAX Of Reading

Sold By RE/MAX Of Reading

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Property Information for 2514 Kutztown Road

Property Details
  • Taxes: $4,056 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 66-5308-16-94-8026
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Victorian
  • Waterfront: No
  • Garage: No
  • Cross Street: Madison
  • Municipality: MUHLENBERG TWP
  • Total Parking Spaces: 6
  • Central Air: No
  • Basement: Yes
  • Room Count: 10
  • Above Grade Finished SQFT: 1,894.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: .00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: .00
  • Total Below Grade SQFT Source: Assessor
  • New Construction: No
  • Property Condition: Good
Building Information
  • Residences: 4
  • Year Built: 1930
  • Lot Size: 0.28 AC / 12,196 SF
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: 2021
  • Tax Assessed Value: $91,900
  • Year Assessed: 2021
  • County Tax: $704
  • Improvement Assessed Value: $51,300
  • City Town Tax: $460
  • Land Assessed Value: $40,600
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 133
  • Historic: No
  • Zoning: RESIDENTIAL
  • Tax Lot: 8026
  • School Tax: $2,893
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Gas, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Number Of Units Month To Month: 3
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Features: 1st fl front, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, tenant pays electric. 9 year tenant at $600 /month
  • Total Rooms: 3
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Features: 1st fl rear, Efficiency, electric cooking, tenant pays electric, 3 month tenant at $600 a month. yearly lease.
  • Total Rooms: 2
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 1
  • Unit Type Features: 2nd Fl front, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, 11 year tenant at $600 a month on M/M basis
  • Total Rooms: 3
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Half Baths Count: 0
  • Full Baths Count: 0
  • Unit Type Features: 2nd fl rear, Efficiency unit, 2 rooms, BR/living room, kitchen, bath, balcony, 4 year tenant @ $525/month on a M/M basis
  • Total Rooms: 2
Financial Information
Expenses
  • Operating Expense: $11,066
  • Operating Expense Includes: Insurance, Parking, Snow Removal, Trash
  • Insurance Expense: $582
  • Trash Expense: $1,120
  • Water Avg Month: $280
  • Water Prev 12 Months: $3,356
  • Heating Oil Avg Month: $0
  • Heating Oil Prev 12 Months: $0
  • Electric Avg Month: $26
  • Electric Prev 12 Months: $306
  • Gas Avg Month: $129
  • Gas Prev 12 Months: $1,546
  • Other Expense: $9,264
Financial Information
  • Gross Income: $28,200
  • Net Operating Income: $17,134
  • Annual Rental Income: $28,200
  • Income Includes: Apartment Rentals
  • Cap Rate: 7.00
  • Existing Lease Type: Long Term, Month to Month, Yearly
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 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: 1544186
Parking
Parking
  • Type Of Parking: Off Street
  • Off Street - # of Spaces: 6
  • Parking Features: Crushed Stone
Interior Features
Interior Features
  • Interior Features: Carpet
  • Fireplace: No
  • Fireplaces Count: 0
  • Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric, Water Heater
  • Accessibility Features: 2+ Access Exits
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Window Features: Double Pane, Replacement
Exterior Features
Exterior Features
  • Exterior Features: Exterior Lighting, Satellite Dish, Sidewalks, Street Lights
  • Outdoor Living Structures: Porch(es), Patio(s), Balcony, Roof
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Above Ground
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 2514 Kutztown Road

DateEvent & SourcePriceAppreciation
Dec 3, 2021

Closed (Public Record)

Public Record #1478812104

$230,000

+3.5% / yr

Dec 3, 2021

Closed

BRIGHT #PABK2000337

$230,000
Oct 11, 2021

Pending

BRIGHT #PABK2000337

DateEvent & SourcePrice
12/03/2021

Closed (Public Record)

Public Record #1478812104

$230,000

+3.5% / yr

12/03/2021

Closed

BRIGHT #PABK2000337

$230,000
10/11/2021

Pending

BRIGHT #PABK2000337

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

Public Records for 2514 Kutztown Road

Taxable ValueLand$40,600Additions$51,300Total$91,900
Tax Record2026$1,380 ($115 / month)
Home Facts
Baths4Total Finished SqFt1,894 SqFtAbove Grade Finished SqFt1,894 SqFtStories2Lot Size12,197 SqFtStyleMulti-Family Dwelling (2-4)Year Built1930CountyBERKSAPN66530816948026

Schools near 2514 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2514 Kutztown Road, Reading, PA 19605
$230,000
4
3
1,894
12,196
$250,000
3,276
2
1,730
4,356
6,144
$55,000
3
3,920
$33,000
1,324
1,985

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Of Reading

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association 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.