2514 Kutztown Road

Closed 12/3/21

Last Sold Price

$230,000

4 beds3 baths1,894 sqft$121/sqft

2514 Kutztown Rd, Reading, PA 19605

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!

LISTING CLOSED: 12/03/2021 12:00 AM

Listed by Jose M Candelaria • RE/MAX Of Reading
P: (610)-207-8066 jcandelaria@goberkscounty.com

Property Details for 2514 Kutztown Road

Status

Closed

MLS #

PABK2000337

Days on Market

Taxes

$4,056 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi-Family / Fee Simple

Year Built

1930

Lot Size

0.28 AC / 12,196 SF

County

Berks County

Tax ID Number

66-5308-16-94-8026

Ownership

Fee Simple

Structure Type

Detached

Style

Victorian

Waterfront

Garage

Cross Street

Madison

Municipality

MUHLENBERG TWP

Total Parking Spaces

Central Air

Basement

Yes

Room Count

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

Property Condition

Good

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Location

Listing Courtesy of RE/MAX Of Reading

Sold By RE/MAX Of Reading

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Building Information for 2514 Kutztown Road

Stories-Residences4Year Built1930Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

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$1,507 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,169

Property Taxes

$338

HOA Dues

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Property Information for 2514 Kutztown Road

Location

School District Name: MUHLENBERG
School District County ID: 300200397508

SchoolDistrictSource: Listing Agent
County: BERKS
MLS Area: Muhlenberg Twp (10266)

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

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

Owner Pays: Gas, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
Concessions: No

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 Level Count: 4
Building Units Total: 4

Total Finished SQFT: 1,894.00
Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 1,894.00
Total SQFT: 1,894.00
Total SQFT Source: Assessor
Construction Materials: Brick
Roof: Architectural Shingle
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8007/7584/1883/800775841883_512_384_WM_H1qNnNQD5pMDFUXk.jpg
Flooring Type: Carpet, Vinyl
Basement Type: Unfinished, Outside Entrance, Interior Access
Foundation Details: Stone

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 0.00 x 0.00

Lot Dimensions Source: Assessor
Parcel ID: 1544186

Parking

Type Of Parking: Off Street
Off Street - # of Spaces: 6

Parking Features: Crushed Stone

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 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: 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

Date	Event & Source	Price	Appreciation
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		—
Oct 11, 2021	Listed (Active) BRIGHT #PABK2000337	$245,000	—
Dec 16, 2005	Closed BRIGHT #PABK147790	$133,000	—
Dec 8, 2005	Closed (Public Record) Public Record #244127334	$133,000	—
Oct 18, 2005	Pending BRIGHT #PABK147790		—
Sep 28, 2005	Listed (Active) BRIGHT #PABK147790	$139,900	—

Date	Event & Source	Price
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	—
10/11/2021	Listed (Active) BRIGHT #PABK2000337	$245,000
12/16/2005	Closed BRIGHT #PABK147790	$133,000
12/08/2005	Closed (Public Record) Public Record #244127334	$133,000
10/18/2005	Pending BRIGHT #PABK147790	—
09/28/2005	Listed (Active) BRIGHT #PABK147790	$139,900

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
3/10	Muhlenberg El Center	Public - Serves this home	K to 3	1.4 mi
4/10	C E Cole Intermediate School	Public - Serves this home	4 to 6	1.3 mi
3/10	Muhlenberg Middle School	Public - Serves this home	7 to 9	1.1 mi
3/10	Muhlenberg High School	Public - Serves this home	10 to 12	1.4 mi
NR	Holy Guardian Angels Regional School	Private - Nearby school	PK to 8	0.7 mi


Rating	School	Distance
3/10	Muhlenberg El Center PublicK to 3 Serves this home	1.4 mi
4/10	C E Cole Intermediate School Public4 to 6 Serves this home	1.3 mi
3/10	Muhlenberg Middle School Public7 to 9 Serves this home	1.1 mi
3/10	Muhlenberg High School Public10 to 12 Serves this home	1.4 mi
NR	Holy Guardian Angels Regional School PrivatePK to 8 Nearby school	0.7 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 2514 Kutztown Road, Reading, PA 19605	$230,000	4	3	1,894	12,196
2512 Kutztown Road, Reading, PA 19605	$250,000	–	–	3,276	–
2520 Kutztown Road, Reading, PA 19605	–	–	2	1,730	4,356
2500 Kutztown Road, Reading, PA 19605	–	–	–	6,144	–
2524 Kutztown Road, Reading, PA 19605	$55,000	3	3	–	3,920
2526 Kutztown Road, Reading, PA 19605	$33,000	–	–	1,324	1,985
115 Jefferson Street, Reading, PA 19605	$132,900	5	2	1,873	3,049
2528 Kutztown Road, Reading, PA 19605	–	2	1	1,240	1,742
117 Jefferson Street, Reading, PA 19605	$160,000	5	1	1,523	2,178
119 Jefferson Street, Reading, PA 19605	$62,000	4	2	1,500	2,178
100 Jefferson Street, Reading, PA 19605	$129,900	4	2	1,596	3,049
106 Jefferson Street, Reading, PA 19605	$119,900	4	2	1,892	2,614
16 Jefferson Street, Reading, PA 19605	$178,000	3	4	2,625	15,681
108 Jefferson Street, Reading, PA 19605	$51,000	5	1	1,322	1,742
2536 Kutztown Road, Reading, PA 19605	–	5	1	1,663	1,307
2530 Kutztown Road, Reading, PA 19605	$59,900	5	2	1,600	2,090

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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.

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