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2532 Kutztown Road, Reading, PA 19605
$70,000
2532 Kutztown Road, Reading, PA 19605View this property at 2532 Kutztown Road, Reading, PA 19605
2532 Kutztown RoadReadingPA19605
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Property Description
Muhlenberg Schools very large Victorian stone & brick 2 unit fully rented with longterm tenants. The building is in need of total rehab. Unit 1 - 1st floor, 3 rooms, 1 BR, living room, kitchen, bath, electric cooking & hot water, tenant pays electric, 1 year tenant paying $725 a month on a M/M basis. 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, 13 year tenant paying $900 a month on a M/M basis. Owner pays oil heat, water, sewer, trash, recycling. Total annual income: 19,260. Total expenses: 6,525. NOI: 12,735. Cap Rate 12%. Expenses breakdown: Ins: 506. W/S: 1,680. Trash: 560. Owner's Electric: 100. Oil: 1,050. Taxes: 2,529. Permits: 100. Building is in need of total rehab inside and out and is being sold AS IS! Huge potential!
Full Property Details
Full Property Details for 2532 Kutztown Rd
General
- Sold For: $70,000
- Taxes: $2,529 (2021)
- Status: Closed
- Type: Duplex
- MLS ID: PABK2000319
- Added to Site: 941 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: 2nd Kitchen, Carpet
- Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric
- Flooring: Carpet, Vinyl
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector
Exterior
- Exterior Features: Exterior Lighting, Sidewalks, Street Lights
- Porch/Patio/Deck: Balcony, Porch(es)
Parking
- Parking Type: On Street
Location
- Area: Muhlenberg Twp (10266)
- Municipality: MUHLENBERG TWP
- County: Berks
- Cross Streets: Madison
- Driving Directions: 5th Street Highway N, right on Madison, right on Kutztown Road to property on right.
School Information
- School District: Muhlenberg
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water, Radiator
- Heating Fuel: Oil
- Water Heater: Electric, Multi-tank
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Above Ground
Structural Information
- Architectural Info: Victorian
- Architectural Style: Victorian
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Drain, Front Entrance, Rear Entrance, Outside Entrance, Unfinished
- Foundation: Stone
- Roof: Asphalt
- Stories/Levels: 4
- Square Feet: 1,663
- Sq. Ft. Source: Assessor
- Living Area: 1,663 Sq. Ft.
- Finished Above Grnd: 1,663 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Major Rehab Needed
Unit Information
- Other Units: Unit 1, Unit 2
- 1 Bedroom Units: 1
- 3 Bedroom Units: 1
Unit 1
- Unit Description: Unit 1
- Bedrooms: 1
Unit 2
- Unit Description: Unit 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,306
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: RESIDENTIAL
Financial Considerations
- Price Per Sq. Ft.: $60.13
- Operating Expenses: $6,525
- Assessment Year: 2021
- School Tax: $1,804
- City/TownTax: $287
- City/TownTax Freq: Annually
- County Tax: $439
- County Tax Freq: Annually
- Tax w/Assessment: $57,300
- Tax Amount: $2,529
- Tax Year: 2021
- Terms: Standard Sale
- Owner Pays: Common Area Maintenance, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
- Landlord Pays: Common Area Maintenance, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
- Tax Total Finished Sq. Ft.: 1663
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Inclusions: 2 Range/Ovens, 2 Refrigerators
- Lot Number: 9211
Listed and Sold by RE/MAX Of Reading, Jose M Candelaria
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Schools
Schools serving 2532 Kutztown Rd
School District:Muhlenberg School District
Rating | Name | Grades | Distance |
---|---|---|---|
3630 Kutztown Rd, Reading, PA 19605 | 5-6 | 1.3 mi | |
610 Sharp Ave, Reading, PA 19605 | K-4 | 1.4 mi | |
801 E Bellevue Ave, Reading, PA 19605 | 7-9 | 1.1 mi | |
400 Sharp Ave, Reading, PA 19605 | 10-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2532 Kutztown Rd
Date
Details
Price
Change
Source
10/22/2021
Sold
$70,000
-30%
MLS
10/11/2021
Listed
$100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2532 Kutztown Road, Reading, PA 19605 (MLS# PABK2000319) is a Duplex property that was sold at $70,000 on October 22, 2021. Want to learn more about 2532 Kutztown Road? Do you have questions about finding other Duplex real estate for sale in Reading? You can browse all Reading real estate or contact a Coldwell Banker agent to request more information.