NOT LISTED FOR SALE

2514 Kutztown Rd Reading, PA 19605

Hyde Park-Muhlenberg Neighborhood
-- Bed
4 Baths
1,894 Sq Ft
0.28 Acres

Last Sold December 03, 2021

Last sale price $230,000 $121 Per Sq Ft

Highlights

  • 0.28 Acre Lot
  • Balcony
  • Double Pane Windows
  • Victorian Architecture
  • Porch
  • Patio

About This Home

As of December 2021

Muhlenberg Schools detached Victorian 4 unit in overall good condition but in need of some work. The building is fully occupied with longterm tenants. The owner pays for gas heat, gas hot water, water, sewer, trash & recycling. There is off street parking for about 6 cars. Mechanicals include a new gas boiler, gas water heater, 200 AMP electric main with 5-100 AMP breaker panels for each unit and owners meter. Unit 1 - 1st fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, 9 year tenant paying $600/month on a m/m basis. Unit 2 - 1st fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, 3 month tenant paying $600/month on a 1 year lease. Unit 3 - 2nd fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, attic access, 11 year tenant paying $600/month on a m/m basis. Unit 4 - 2nd fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, large covered balcony, 4 year tenant paying $525/month on a m/m basis. Total income: 28,200. total expenses: 11,066. NOI: 17,134. Cap Rate: 8%. Expenses breakdown: Ins: 582. W/S: 3,356. Trash: 1,120. Gas Heat & Hot Water: 1,546. Owner's Electric: 306. Taxes: 4,056. Permits: 100. Excellent potential to own a solid suburban 4 detached 4 unit with sweat equity! Being sold AS IS!

Last Agent to Sell the Property

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021

RE/MAX Of Reading

Last Buyer's Agent

Jose Candelaria

RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021

RE/MAX Of Reading

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,056

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Victorian Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 1,894 Sq Ft Home
  • Double Pane Windows
  • Replacement Windows
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Electric Oven or Range
  • Extra Refrigerator or Freezer

Flooring

  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • 6 Off-Street Spaces
  • Gravel Driveway

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Above Ground Utilities
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Satellite Dish

Listing and Financial Details

  • The owner pays for gas, heat, insurance, lawn/shrub care, repairs, sewer, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Tax Lot 8026
  • Assessor Parcel Number 66-5308-16-94-8026

Community Details

Overview

  • 4 Units
  • 4-Story Building

Building Details

  • Income includes apartment rentals
  • Insurance Expense $582
  • Other Expense $9,264
  • Trash Expense $1,120
  • Operating Expense $11,066
  • Net Operating Income $17,134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,056

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 4 Range/Ovens, 4 Refrigerators.
  • New Construction: No
  • Other Expense: 9264.00
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Muhlenberg Schools detached Victorian 4 unit in overall good condition but in need of some work. The building is fully occupied with longterm tenants. The owner pays for gas heat, gas hot water, water, sewer, trash & recycling. There is off street parking for about 6 cars. Mechanicals include a new gas boiler, gas water heater, 200 AMP electric main with 5-100 AMP breaker panels for each unit and owners meter. Unit 1 - 1st fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, 9 year tenant paying $600/month on a m/m basis. Unit 2 - 1st fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, 3 month tenant paying $600/month on a 1 year lease. Unit 3 - 2nd fl front has 3 rooms, 1 BR, living room, kitchen, bath, electric cooking, attic access, 11 year tenant paying $600/month on a m/m basis. Unit 4 - 2nd fl rear is an efficiency unit, 2 rooms, BR/living room, bath, electric cooking, large covered balcony, 4 year tenant paying $525/month on a m/m basis. Total income: 28,200. total expenses: 11,066. NOI: 17,134. Cap Rate: 8%. Expenses breakdown: Ins: 582. W/S: 3,356. Trash: 1,120. Gas Heat & Hot Water: 1,546. Owner's Electric: 306. Taxes: 4,056. Permits: 100. Excellent potential to own a solid suburban 4 detached 4 unit with sweat equity! Being sold AS IS!
  • Special Features: None

Interior Features

  • Appliances: Extra Refrigerator/Freezer, Oven/Range - Electric, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet
  • Window Features: Double Pane, Replacement
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 10
  • Basement: Yes
  • Basement Type: Unfinished, Outside Entrance, Interior Access
  • Total Sq Ft: 1894
  • Living Area Sq Ft: 1894
  • Price Per Sq Ft: 129.36
  • Above Grade Finished Sq Ft: 1894
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2514

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Exterior Lighting, Satellite Dish, Sidewalks, Street Lights
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Crushed Stone
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 6

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 26
  • Previous Twelve Months Electric Expense: 306.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Gas Avg Month: 128.83
  • Gas Prev12 Months: 1546.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Above Ground
  • Monthly Water Average: 280
  • Water Previous Twelve Months: 3356.00
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • School District: MUHLENBERG
  • School District Key: 300200397508
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 51300.00
  • Land Assessed Value: 40600.00
  • Land Use Code: 133
  • Lot Size Acres: 0.28
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12196.00
  • Outdoor Living Structures: Porch(es), Patio(s), Balcony, Roof
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Existing Lease Type: Long Term, Month To Month, Yearly
  • Number Of Units Month To Month: 3
  • Owner Pays: Gas, Heat, Insurance, Lawn/Shrub Care, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 28200.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1544186
  • School Tax: 2893.00
  • Tax Annual Amount: 4056.00
  • Assessor Parcel Number: 66-5308-16-94-8026
  • Tax Lot: 8026
  • Tax Total Finished Sq Ft: 1894
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/03/2021

Multi Family

  • Gross Income: 28200.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 11066.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 2

MLS Schools

  • School District Name: MUHLENBERG

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $230,000 -6.1% $121 / Sq Ft
10/11/2021 10/11/21 For Sale $245,000 -- $129 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jose Candelaria

    Seller's Agent in 2021

    Jose Candelaria

    RE/MAX of Reading

    (610) 207-8066

    5 in this area

    220 Total Sales

    Jose Candelaria
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PABK2000337

Bright MLS

APN: 5308-16-94-8026

Pennsylvania Berks County Reading 19605 Hyde Park-Muhlenberg

2514 Kutztown Rd, Reading, PA

This home is located at 2514 Kutztown Rd, Reading, PA 19605 since 11 October 2021. This property was built in 1930. 2514 Kutztown Rd is a home located in Berks County with nearby schools including Muhlenberg Elementary Center, C E Cole Intermediate School, and Muhlenberg Junior High School.

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