Seller's Agent in 2021
Jose Candelaria
RE/MAX of Reading
(610) 207-8066
5 in this area
214 Total Sales
2514 Kutztown Rd Reading, PA 19605
Hyde Park-Muhlenberg Neighborhood
Studio
4
Baths
1,894
Sq Ft
0.28
Acres
Highlights
- 0.28 Acre Lot
- Balcony
- Double Pane Windows
- Victorian Architecture
- Porch
- Patio
About This Home
As of December 2021Muhlenberg 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
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021
Last Buyer's Agent
(610) 670-2770 info@goberkscounty.com RE/MAX Of Reading License #RS193774L Listed on: 10/11/2021
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,380 | $91,900 | $40,600 | $51,300 |
| 2024 | $4,424 | $91,900 | $40,600 | $51,300 |
| 2023 | $4,153 | $91,900 | $40,600 | $51,300 |
| 2022 | $4,084 | $91,900 | $40,600 | $51,300 |
| 2021 | $3,987 | $91,900 | $40,600 | $51,300 |
| 2020 | $3,987 | $91,900 | $40,600 | $51,300 |
| 2019 | $3,903 | $91,900 | $40,600 | $51,300 |
| 2018 | $3,834 | $91,900 | $40,600 | $51,300 |
| 2017 | $3,762 | $91,900 | $40,600 | $51,300 |
| 2016 | $1,114 | $91,900 | $40,600 | $51,300 |
| 2015 | $1,114 | $91,900 | $40,600 | $51,300 |
| 2014 | $1,114 | $91,900 | $40,600 | $51,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Candelaria
Map
Source: Bright MLS
MLS Number: PABK2000337
APN: 5308-16-94-8026
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