Seller's Agent in 2025
Jonathan Fabian
Iron Valley Real Estate of Berks
(484) 450-8771
3 in this area
64 Total Sales
2732 Kutztown Rd Reading, PA 19605
Hyde Park-Muhlenberg Neighborhood
Studio
--
Bath
3,000
Sq Ft
0.27
Acres
Highlights
- 0.27 Acre Lot
- Central Air
- Property is in excellent condition
- Traditional Architecture
- Hot Water Heating System
About This Home
As of February 20257-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 and a one bedroom, living room and kitchenette unit all share 1 bathroom. 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. 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 available to rent. 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.
Last Agent to Sell the Property
(484) 450-8771 fabiansellshomes@gmail.com Iron Valley Real Estate of Berks Listed on: 07/25/2024
Last Buyer's Agent
(717) 587-2481 jake@hostetterrealty.com Hostetter Realty License #RS325195
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,267
Year Built
- Built in 1930 | Remodeled in 2024
Lot Details
- 0.27 Acre Lot
- Property is in excellent condition
Home Design
- Quadruplex
- Traditional Architecture
- Brick Exterior Construction
- Stone Foundation
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- Finished Basement
- Heated Basement
Parking
- 16 Open Parking Spaces
- 16 Parking Spaces
- Paved Parking
- Parking Lot
Utilities
- Central Air
- Window Unit Cooling System
- Hot Water Heating System
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 4 Units
- 4-Story Building
Listing and Financial Details
- Tax Lot 0068
- Assessor Parcel Number 66-5318-09-05-0068
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 25, 2024
Closed on
Feb 7, 2025
Sold by
Pa Real Estate Experts Llc
Bought by
Fisher Leon J and Fisher Sadie B
Seller's Agent
Jonathan Fabian
Iron Valley Real Estate of Berks
Buyer's Agent
Jake Fisher
Hostetter Realty
List Price
$535,000
Sold Price
$495,000
Premium/Discount to List
-$40,000
-7.48%
Views
164
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,126
Avg. Annual Appreciation
5.71%
Original Mortgage
$396,000
Outstanding Balance
$379,573
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$142,553
Purchase Details
Closed on
Feb 5, 2024
Sold by
Reed E Dianne
Bought by
Pa Real Estate Experts Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 17, 1976
Bought by
Reed E Dianne
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $495,000 | None Listed On Document | |
| Deed | $275,000 | None Listed On Document | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $396,000 | Credit Line Revolving | |
| Previous Owner | $338,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $495,000 | 0.0% | $165 / Sq Ft |
| 12/06/2024 12/06/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | Price Changed | $495,000 | -7.5% | $165 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $535,000 | 0.0% | $178 / Sq Ft |
| 12/02/2024 12/02/24 | Off Market | $535,000 | -- | -- |
| 11/17/2024 11/17/24 | For Sale | $535,000 | 0.0% | $178 / Sq Ft |
| 11/14/2024 11/14/24 | Off Market | $535,000 | -- | -- |
| 09/17/2024 09/17/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | Price Changed | $535,000 | -7.0% | $178 / Sq Ft |
| 07/25/2024 07/25/24 | For Sale | $575,000 | -- | $192 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,856 | $123,600 | $61,200 | $62,400 |
| 2024 | $5,951 | $123,600 | $61,200 | $62,400 |
| 2023 | $5,585 | $123,600 | $61,200 | $62,400 |
| 2022 | $5,492 | $123,600 | $61,200 | $62,400 |
| 2021 | $5,363 | $123,600 | $61,200 | $62,400 |
| 2020 | $5,363 | $123,600 | $61,200 | $62,400 |
| 2019 | $5,249 | $123,600 | $61,200 | $62,400 |
| 2018 | $5,156 | $123,600 | $61,200 | $62,400 |
| 2017 | $5,059 | $123,600 | $61,200 | $62,400 |
| 2016 | $1,499 | $123,600 | $61,200 | $62,400 |
| 2015 | $1,499 | $123,600 | $61,200 | $62,400 |
| 2014 | $1,499 | $123,600 | $61,200 | $62,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Fabian
-
Jake Fisher
Buyer's Agent in 2025
Jake Fisher
Hostetter Realty
(717) 587-2481
2 in this area
202 Total Sales
Map
Source: Bright MLS
MLS Number: PABK2046090
APN: 66-5318-09-05-0068
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