2532 Kutztown Road

Closed 6/3/22

Sold

Last Sold Price

$185,000

4 beds2 baths1,663 sqft

2532 Kutztown Rd, Reading, PA 19605

Multi FamilyProperty Type

0.03 acresLot Size

1900Year Built

$111/sq ftPrice per sq ft

Description

Muhlenberg Schools very large Victorian stone & brick 2 unit just rehabbed and is in excellent condition. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, owner is currently paying the electric, new tenant paying $1,000 a month on a one year lease. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, currently vacant and ready for an owner occupant or tenant rental....Muhlenberg Schools very large Victorian stone & brick 2 unit just rehabbed and is in excellent condition. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, owner is currently paying the electric, new tenant paying $1,000 a month on a one year lease. Unit 2 is the 2nd & 3rd floors, 5 rooms, 3 BRS, living room, kitchen, bath, 2nd floor balcony, electric cooking & hot water, tenants pay electric, currently vacant and ready for an owner occupant or tenant rental. Projected rent $1,400. Owner pays gas heat, water, sewer, trash, recycling. Total annual income: 28,800. Total expenses: 6,525. Noi: 22,275. Cap Rate 12%. Expenses breakdown: Ins: 506. W/s: 1,680. Trash: 560. Owner's Electric: 100. Gas: 1,050. Taxes: 2,529. Permits: 100. Beautiful turn-key investment property perfect for an owner occupant or investor!

Listed by: Jose M Candelaria 610.207.8066 jcandelaria@goberkscounty.com • RE/MAX Of Reading

Listing closed: 06/03/2022 12:00 AM • Source: BRIGHT, MLS#: PABK2016706

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Avg days on market

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Principal and Interest

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Property Information for 2532 Kutztown Road

Property Details

Taxes: $2,529 / year
MLS Type: Multi-Family / Fee Simple
County: Berks County
Tax ID Number: 66-5308-16-94-9211
Ownership: Fee Simple
Structure Type: Interior Row/Townhouse
Style: Victorian
Waterfront: No
Garage: No
Cross Street: Madison
Municipality: MUHLENBERG TWP
Central Air: No
Basement: Yes
Room Count: 8
Above Grade Finished SQFT: 1,663.00
Above Grade Fin SQFT Source: Estimated
Below Grade Finished SQFT: .00
Below Grade Fin SQFT Source: Estimated
Below Grade Unfinished SQFT: .00
Below Grade Unfin SQFT Source: Estimated
Total Below Grade SQFT: .00
Total Below Grade SQFT Source: Estimated
New Construction: No
Property Condition: Very Good

Building Information

Residences: 2
Year Built: 1900
Lot Size: 0.03 AC / 1,306 SF

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: $57,300

Year Assessed: 2021
County Tax: $439
Improvement Assessed Value: $44,000
City Town Tax: $287
Land Assessed Value: $13,300
Clean Green Assessed: No
Land Use Code: 138R
Agricultural Tax Due: No
Historic: No
Zoning: RESIDENTIAL
Tax Lot: 9211
School Tax: $1,804
Automatically Update Tax Values Y/N: No

Lease Information

Owner Pays: Common Area Maintenance, Electricity, 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: 0
One Bedroom Units Count: 1

Two Bedroom Units Count: 0
Three Bedroom Units Count: 1
Other Units: Unit 1,Unit 2
Units Leased Count: 1
Number Of Units Vacant: 1
Rent Control: No

Multi Family

Unit 1

Type: Unit 2
Unit Type Occupied YN: Yes

Level: 2
Unit Type Lease Type: Month to Month
Beds Total: 3
Half Baths Count: 0
Full Baths Count: 1
Unit Type Features: 2nd & 3rd Floors, 5 Rooms, 3 BRS, living room, kitchen, bath, balcony, electric cooking & hot water, 13 year tenant, $900 M/M
Total Rooms: 5

Unit 2

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: 3 rooms, 1 BR, living room, kitchen, bath. electric cooking & hot water, 1 year tenant paying $725 M/M
Total Rooms: 3

Financial Information

Expenses

Operating Expense: $6,525
Operating Expense Includes: Trash

Trash Expense: $560
Water Avg Month: $140
Water Prev 12 Months: $1,680
Heating Oil Avg Month: $88
Heating Oil Prev 12 Months: $1,050
Electric Avg Month: $8
Electric Prev 12 Months: $100
Gas Avg Month: $0
Gas Prev 12 Months: $0

Financial Information

Gross Income: $28,800
Gross Scheduled Income: $28,800

Net Operating Income: $22,275
Annual Rental Income: $28,800
Income Includes: Apartment Rentals
Cap Rate: 12.00
Existing Lease Type: Yearly

Building Info

Building Level Count: 4
Building Units Total: 2

Total Finished SQFT: 1,663.00
Total Finished SQFT Source: Estimated
Total SQFT: 1,663.00
Total SQFT Source: Estimated
Construction Materials: Brick
Roof: Asphalt
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8016/2294/1778/801622941778_512_384_WM_omTB4K_9I792U0t4.jpg
Flooring Type: Carpet, Vinyl
Basement Type: Drain, Front Entrance, Rear Entrance, Outside Entrance, Unfinished
Foundation Details: Stone

Lot / Land Information

Lot Size Source: Estimated
Lot Size Dimensions: 0.00 x 0.00

Lot Dimensions Source: Estimated
Parcel ID: 1544202

Parking

Type Of Parking: On Street

Interior Features

Interior Features: 2nd Kitchen, Carpet
Fireplace: No

Fireplaces Count: 0
Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric
Accessibility Features: 2+ Access Exits
Security Features: Carbon Monoxide Detector(s), Smoke Detector
Window Features: Double Pane, Replacement, Screens

Exterior Features

Spa: No
Exterior Features: Exterior Lighting, Sidewalks, Street Lights

Outdoor Living Structures: Balcony, Porch(es)
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, Radiator
Heating Fuel: Natural Gas
Hot Water: Electric, Multi-tank
Water Source: Public
Sewer Septic: Public Sewer
Electric Service: 100 Amp Service, Circuit Breakers

Confidential Data

Listing Office

List Agent AOR: Reading-Berks Association of REALTORS

Property History for 2532 Kutztown Road

Date	Event & Source	Price	Appreciation
Jun 3, 2022	Closed BRIGHT #PABK2016706	$185,000	—
Jun 1, 2022	Pending BRIGHT #PABK2016706		—
Jun 1, 2022	Listed (Active) BRIGHT #PABK2016706	$185,000	—
May 31, 2022	Closed (Public Record) Public Record #1492462909	$185,000	+398.4% / yr
Oct 22, 2021	Closed (Public Record) Public Record #1475369129	$70,000	-1.1% / yr
Oct 22, 2021	Closed BRIGHT #PABK2000319	$70,000	—
Oct 11, 2021	Pending BRIGHT #PABK2000319		—
Oct 11, 2021	Listed (Active) BRIGHT #PABK2000319	$100,000	—
May 22, 2004	Closed BRIGHT #PABK174476	$85,150	—
May 22, 2004	Closed BRIGHT #PABK128460	$85,150	—
May 21, 2004	Closed (Public Record) Public Record #244065104	$85,150	—
May 21, 2004	Closed (Public Record) Public Record #244065104	$85,150	—
Apr 28, 2004	Pending BRIGHT #PABK174476		—
Apr 28, 2004	Pending BRIGHT #PABK128460		—
Mar 11, 2004	Expired BRIGHT #PABK301684	$84,900	—
Mar 10, 2004	Listed (Active) BRIGHT #PABK128460	$84,900	—
Aug 7, 2003	Listed (Active) BRIGHT #PABK301684	$89,900	—
Aug 7, 2003	Listed (Active) BRIGHT #PABK174476	$89,900	—

Date	Event & Source	Price
06/03/2022	Closed BRIGHT #PABK2016706	$185,000
06/01/2022	Pending BRIGHT #PABK2016706	—
06/01/2022	Listed (Active) BRIGHT #PABK2016706	$185,000
05/31/2022	Closed (Public Record) Public Record #1492462909	$185,000 +398.4% / yr
10/22/2021	Closed (Public Record) Public Record #1475369129	$70,000 -1.1% / yr
10/22/2021	Closed BRIGHT #PABK2000319	$70,000
10/11/2021	Pending BRIGHT #PABK2000319	—
10/11/2021	Listed (Active) BRIGHT #PABK2000319	$100,000
05/22/2004	Closed BRIGHT #PABK174476	$85,150
05/22/2004	Closed BRIGHT #PABK128460	$85,150
05/21/2004	Closed (Public Record) Public Record #244065104	$85,150
05/21/2004	Closed (Public Record) Public Record #244065104	$85,150
04/28/2004	Pending BRIGHT #PABK174476	—
04/28/2004	Pending BRIGHT #PABK128460	—
03/11/2004	Expired BRIGHT #PABK301684	$84,900
03/10/2004	Listed (Active) BRIGHT #PABK128460	$84,900
08/07/2003	Listed (Active) BRIGHT #PABK301684	$89,900
08/07/2003	Listed (Active) BRIGHT #PABK174476	$89,900

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

Public Records for 2532 Kutztown Road

Taxable ValueLand$13,300Additions$44,000Total$57,300

Tax Record2026$860 ($72 / month)

Home Facts

Baths2Total Finished SqFt1,663 SqFtAbove Grade Finished SqFt1,663 SqFtStories3Lot Size1,307 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyBERKSAPN66530816949211

Schools near 2532 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	0.6 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	0.6 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: 2532 Kutztown Road, Reading, PA 19605	$185,000	4	2	1,663	1,306
2534 Kutztown Road, Reading, PA 19605	$84,900	5	2	1,663	1,307
2530 Kutztown Road, Reading, PA 19605	$59,900	5	2	1,600	2,090
2536 Kutztown Road, Reading, PA 19605	–	5	1	1,663	1,307
2538 Kutztown Road, Reading, PA 19605	$110,000	3	1	1,663	2,178
2542 Kutztown Road, Reading, PA 19605	–	3	2	1,440	3,485
2540 Kutztown Road, Reading, PA 19605	$68,310	–	–	1,808	2,614
2528 Kutztown Road, Reading, PA 19605	–	2	1	1,240	1,742
2526 Kutztown Road, Reading, PA 19605	$33,000	–	–	1,324	1,985
2546 Kutztown Road, Reading, PA 19605	$250,000	–	–	1,772	–
12 Bernhart Avenue, Reading, PA 19605	$105,000	3	1	1,108	3,920
2524 Kutztown Road, Reading, PA 19605	$55,000	3	3	–	3,920
14 Bernhart Avenue, Reading, PA 19605	$84,500	3	2	1,392	4,791
2550 Kutztown Road, Reading, PA 19605	$210,000	–	–	3,500	3,485
2520 Kutztown Road, Reading, PA 19605	–	–	2	1,730	4,356
5 Bernhart Avenue, Reading, PA 19605	–	2	1	1,312	3,920

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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.

Reading, PA

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