2732 Kutztown Road

READING, PA 19605

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 11761
    Sqft(Lot)
$535,000

Description

***fully occupied***7-units with large parking lot. welcome to 2732 kutztown rd, a rare and extraordinary multi-unit investment property located in the heart of muhlenberg township. this incredible asset offers a unique combination of rental income steams with 4x single room units, 1x one bedroom, living room and kitchenette. the main level includes a 3 bedroom unit with central air, laundry, living room, modern kitchen with granite and all appliances and fully renovated full bathroom. unit #7 is a lower level unit that includes 2 bedrooms, living room, kitchen with all appliances and a fully renovated full bathroom. all 5 units on the 2nd and 3rd floors are currently rented month-to-month for a total of $2,575/month. main floor unit is rented for $1,650./month, lower-level unit is rented for $900/month. in addition there are 16 parking spaces in the parking lot, 8 spaces on the building side are for the tenants and 8 spaces on the street side are currently up for rent at $50/month each, for an additional income of $400/month. the four single rooms currently have low rents and could be increased to $175-200+/week and 3rd floor increased to $225+/week. total potential income fully rented can easily bring in $6,650.00/month or annual gross rent of $79,800.00. separate electric and separate water heaters for main floor and lower level units, and rooms. owner pays electric and heat for room rentals and heat for 1st floor unit. lower level has electric baseboard paid by tenant. air conditioning electric is paid by 1st floor tenant for unit #1. public transportation, shops and restaurants. opportunity to increase cash flow through rent increases and occupancy optimization. diversified income streams reduce reliance on single tenants. enormous long-term appreciation in property value. contact us today to schedule a viewing and take the first step towards building your real estate portfolio.

  • Property Type

    Multi-Family

  • County

    BERKS

  • Style

    Traditional

  • AD ID

    46451547

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Architectural Shingle
    • Basement Description: Fully Finished,Heated

    Roofing Information

    • Architectural Shingle

    Heating & Cooling

    • Cooling: Central A/C,Window Unit(s)
    • Heating: Hot Water,Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas,Electric

  • Building Information

    • Year Built: 1930
    • Structure: Detached
    • New Construction: No
    • Total Units: 4
    • Built: 1930
    • Construction Material: Brick,Vinyl Siding
    • Roof: Architectural Shingle
    • Foundation/Basement: Stone
    • Architecture: Traditional
    • Pool/Private: No Pool
    • Roof Type: Architectural Shingle

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 11,761
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.27
    • Architectural Style: Traditional
    • Stories Total: 4
    • Main Square Feet: 11,761

    Property Information

    • SQ ft: 3,000
    • SQ ft (Living Area): 3,000
    • Total Lot SQ ft: 11,761
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.27
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 45

  • Tax Information

    • Annual Tax: $5,951
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $123,600

  • Parking Information

    • Parking Features: Paved Parking
    • Parking Type: Parking Lot

    Multi-Unit Information

    • Roof: Architectural Shingle

    Homeowners Association Information

    • Direction: *

  • School Information

    • School District: MUHLENBERG

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas,Electric
    • Hot Water: Electric

    Location Information

    • Direction: *
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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2020 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 09/07/2024 @ 21:47

  • MLS: PABK2046090
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 11,761 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of READING , in zip code 19605, this BERKS County Other are nearby neighborhoods.