2732 Kutztown Rd , Reading, PA 19605
Reading, PA 19605
Description
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.
Details
| Mls | PABK2046090 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1930 |
| Days On Site | 137 |
| Listing Provided By | Iron Valley Real Estate of Berks | Jonathan Fabian |
Features
| Sq Feet | 3,000 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | MIXED RES/COMM |
| Acreage | 0.27 |
Market Activity 19605
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | Berks |
| City | Reading |
| Zip Code | 19605 |
| Area | Muhlenberg Twp |
| School District | Muhlenberg |
| Listing VS Median (in 19605) | |
Price: $495,000 low | high Med: $349,950 SqFt: 3,000 low | high Med: 2,056 $ / SqFt: $165 low | high Med: $170 On Site: 137 low | high Med: 136.000000 | |
