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Sold for $495,000 on 02/07/25
  • $495,000

    2732 Kutztown Rd, Reading, PA 19605

    10beds
    --baths
    3,000sqft
    Quadruplex
    Built in 1930
    -- sqft lot
    $508,600 Zestimate®
    $165/sqft
    $1,660 Estimated rent

    What's special

    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 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.

    Zillow last checked: 7 hours ago

    Listing updated: February 07, 2025 at 04:06am

    Listed by:

    Jonathan Fabian 610-334-7444,

    Iron Valley Real Estate of Berks

    Bought with:

    Jacob Fisher, RS325195

    Hostetter Realty

    Source: Bright MLS,MLS#: PABK2046090MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    Basement
    • Area: 750
    Heating
    • Hot Water, Baseboard, Natural Gas, Electric
    Cooling
    • Central Air, Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Basement: Finished,Heated
    • Has fireplace: No
    Interior area
    • Total structure area: 3,000
    • Total interior livable area: 3,000 sqft

    Property

    Parking
    • Total spaces: 16
    • Parking features: Paved, Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 0.27 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 66531809050068
    • Zoning: MIXED RES/COMM
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Brick, Vinyl Siding
    • Foundation: Stone
    • Roof: Architectural Shingle
    Condition
    • Excellent
    • New construction: No
    • Year built: 1930
    • Major remodel year: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Reading
    • Municipality: MUHLENBERG TWP

    HOA & financial

    Other financial information
    • Total actual rent: 63000

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    Services availability