2942 Kutztown Rd

Reading, PA 19605

$435,000
Last Sold Price
11
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 2/28/22
Closed 2/28/22

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
  1. Listed by Douglas W Hayward • Doug Hayward Real Estate
    P: (610)-780-9821 dwhnano@gmail.com

Property Details for 2942 Kutztown Road

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)
LISTING CLOSED: 02/28/2022 12:00 AM

Property Details for 2942 Kutztown Road

StatusClosed
MLS #PABK2004778
Days on Market113
Taxes$6,148 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.23 AC / 10,018 SF
CountyBerks County
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Location

Listing Courtesy of Doug Hayward Real Estate

Sold By United Real Estate Strive 212

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Building Information for 2942 Kutztown Road

Stories-Residences4Year Built1900Building Size-Lot Size0.23 AC / 10,018 SF

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30 year fixed, 6.55% Interest

Principal and Interest

$2,211

Property Taxes

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HOA Dues

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Property Information for 2942 Kutztown Road

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 SqFt7,312 SqFtAbove Grade Finished SqFt7,312 SqFtStories2Lot Size10,019 SqFtStyleStoresYear Built1900CountyBERKSAPN66530812968306

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
1 Girard Avenue, Reading, PA 19605
–
4
1,216
2,178
3 Girard Avenue, Reading, PA 19605
–
3
1
1,338
3,920
2928 Kutztown Road, Reading, PA 19605
$159,900
5
2,748
5,227
7 Girard Avenue, Reading, PA 19605
$185,000
3
1,352
2,614
2943 Kutztown Road, Reading, PA 19605
$186,000
4
1,174
2,613

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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.