2942 Kutztown Road

Closed 2/28/22
Closed 2/28/22
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Sold
Last Sold Price
$435,000
11 beds6 baths
2942 Kutztown Rd, Reading, PA 19605
Multi FamilyProperty Type
0.23 acresLot Size
1900Year Built
8 carsParking Spaces

Description

Spacious 1st floor apartment with fireplace and rear concrete patio with shed, carport for owners parking. Newer macadam (approx 6 yrs), off street parking. one of roofs replaced recently. Tenants pay own heat and electric. Owners pays water, sewer, taxes, snow removal, grass cutting , 10% management and insurance. Units are in good condition with most leases on a month to month basis and rents could be higher. 6 UNITS TOTAL.
2020 Income 58440
2020 Expenses 29767
2020 NOI 28673Spacious 1st floor apartment with fireplace and rear concrete patio with shed, carport for owners parking. Newer macadam (approx 6 yrs), off street parking. one of roofs replaced recently. Tenants pay own heat and electric. Owners pays water, sewer, taxes, snow removal, grass cutting , 10% management and insurance. Units are in good condition with most leases on a month to month basis and rents could be higher. 6 UNITS TOTAL.

2020 Income 58440
2020 Expenses 29767
2020 NOI 28673
  • Listed by: Douglas W Hayward 610.780.9821 dwhnano@gmail.com • Doug Hayward Real Estate
Listing closed: 02/28/2022 12:00 AM • Source: BRIGHT, MLS#: PABK2004778
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Listing Courtesy of Doug Hayward Real Estate

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Property Information for 2942 Kutztown Road

Property Details
  • Taxes: $6,148 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Berks County
  • Tax ID Number: 66-5308-12-96-8306
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Other
  • Waterfront: No
  • Garage: No
  • Subdivision: NONE AVAILABLE
  • Subdivision: NONE AVAILABLE (BERKS PA)
  • Cross Street: GIRARD
  • Municipality: MUHLENBERG TWP
  • Total Parking Spaces: 8
  • Central Air: No
  • Basement: Yes
  • Above Grade Finished SQFT: .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: Very Good
Building Information
  • Residences: 4
  • Year Built: 1900
  • Lot Size: 0.23 AC / 10,018 SF
Location
Location
  • School District Name: MUHLENBERG
  • School District County ID: 300200397508
  • SchoolDistrictSource: 3rd Party
  • Elementary School: MUHLENBERG ELEMENTARY CENTER (BERKS PA)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: MUHLENBERG (BERKS PA)
  • MiddleSchoolSource: Listing Agent
  • High School: MUHLENBERG (BERKS PA)
  • HighSchoolSource: 3rd Party
  • 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
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2021
  • Tax Assessed Value: $139,300
  • Year Assessed: 2021
  • County Tax: $1,067
  • Improvement Assessed Value: $80,500
  • City Town Tax: $697
  • Land Assessed Value: $58,800
  • Clean Green Assessed: No
  • Land Use Code: 4118
  • Zoning: C1
  • Zoning Dscrp: See Muhlenberg Township Ordinance
  • Tax Lot: 8306
  • School Tax: $4,385
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Lawn/Shrub Care, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 5
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Units Furnished: None
  • Units Leased Count: 6
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 6
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 5
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
  • Total Rooms: 3
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 4
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
  • Total Rooms: 4
Financial Information
Expenses
  • Operating Expense: $19,415
  • Operating Expense Includes: Insurance, Snow Removal, Trash
  • Insurance Expense: $2,000
  • Maintenance Expense: $1,800
  • Other Expense: $15,390
Financial Information
  • Gross Income: $52,596
  • Gross Scheduled Income: $55,518
  • Net Operating Income: $33,181
  • Annual Rental Income: $58,440
  • Income Includes: Apartment Rentals
  • Cap Rate: 5.70
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 0.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1543665
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Parking Lot, Attached Carport
  • Attached Carport - # of Spaces: 8.0
  • Carport Spaces Count: 8
  • Parking Features: Paved Parking, Paved Driveway
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Accessibility Features: None
  • Window Features: Replacement
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Wall Unit
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Reading-Berks Association of REALTORS

Property History for 2942 Kutztown Road

DateEvent & SourcePriceAppreciation
Feb 28, 2022

Closed

BRIGHT #PABK2004778

$435,000—
Jan 16, 2022

Pending

BRIGHT #PABK2004778

—
Jan 15, 2022

Temp Off Market

BRIGHT #PABK2004778

—
DateEvent & SourcePrice
02/28/2022

Closed

BRIGHT #PABK2004778

$435,000
01/16/2022

Pending

BRIGHT #PABK2004778

—
01/15/2022

Temp Off Market

BRIGHT #PABK2004778

—

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

Public Records for 2942 Kutztown Road

Taxable ValueLand$58,800Additions$80,500Total$139,300
Tax Record2026$2,091 ($174 / month)
Home Facts
Total Finished SqFt5,205 SqFtAbove Grade Finished SqFt5,205 SqFtStories2Lot Size10,019 SqFtStyleStoresYear Built1900Year Renovated1900CountyBERKSAPN66-5308-12-96-8306

Schools near 2942 Kutztown Road

This home is within Muhlenberg School District.
Rating
School
Type
Grades
Distance
Muhlenberg El Center
Public - K to 3
C E Cole Intermediate School
Public - 4 to 6
Muhlenberg Middle School
Public - 7 to 9
Muhlenberg High School
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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Listing Courtesy of Doug Hayward Real Estate

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.