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2732 Kutztown Road

READING, PA 19605

– beds
– baths
3,000 sqft
11,761 sqft lot
$178 per sqft
1930 build

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.

Listing courtesy of BRIGHT / Iron Valley Real Estate of Berks

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# PABK2046090 —

The Building

Year Built:

1930
Year Built Source:

Estimated
Year Major Reno/Remodel:

2024
New Construction:

No
Construction Materials:

Brick, Vinyl Siding
Structure Type:

Detached
Architectural Style:

Traditional
Building Levels:

4
Building Units Total:

4
Roof:

Architectural Shingle
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Fully Finished, Heated
Total SqFt Source:

Estimated
Total Below Grade SqFt:

750
Total Below Grade SqFt Source:

Estimated

Interior

Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

3000
Living Area SqFt:

3,000 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

*
Latitude:

40.37600327
Longitude:

-75.91880798

The Property

Property Type:

Multi-Family
Property Subtype:

Quadruplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.27
Lot Size Source:

Assessor
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

11,761 Sqft
Zoning:

MIXED RES/COMM
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

4119
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

66-5318-09-05-0068
Tax Year:

2024
Tax Lot:

0068
Tax Annual Amount:

$6,267
Tax Assessed Value:

$123,600
Year Assessed:

2024
School Tax:

4531.0
County Tax:

1031.00
City/Town Tax:

705.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C, Window Unit(s)
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water, Baseboard - Electric
Heating Fuel:

Natural Gas, Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Muhlenberg
School District Source:

Listing Agent

The Community

Pool:

No Pool
Cap Rate:

8.40

Parking

Total Garage and Parking Spaces:

16
Garage:

No
Type of Parking:

Parking Lot
Parking Features:

Paved Parking
Parking Lot - # of Spaces:

16

Extra Units

# of Units:

5
Vacation Rental:

No
Single Room Units:

5
Two Bedroom Units:

1
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/17/24 Nov 17, 2024	Relisted	BRIGHT	$535,000
9/17/24 Sep 17, 2024	Pending	BRIGHT	$535,000
9/4/24 Sep 4, 2024	Price Changed	BRIGHT	$535,000	-7.0%

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This multifamily located in Hyde Park, PA 19605 is currently for sale for $535,000. 2732 Kutztown Road is a 3,000 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Muhlenberg Elementary Center, Ce. Cole Intermediate School, Muhlenberg Middle School, and Muhlenberg High School.

Listing Courtesy of: BRIGHT and Iron Valley Real Estate of Berks.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.