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    3805 Kutztown Road

    READING, PA 19605
    • $320,000
    • STATUS: Pending
    • ON SITE: 26 days
    • ID#: PABK366742
    Pending
    UPDATED: 40 min ago
    $320,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    This 3,570 SqFt mixed-use property is the perfect opportunity you won't want to turn down! This property includes three 2-bedroom apartments, 1 storefront, and two 10-foot garages! A Construction company currently rents the storefront and one of the garages for $1325+ heat and electricity. The three 2 bedroom apartments rent for $780, $790, and $810 + heat and electric and all tenants have lived here 3+yrs. Additional garage currently used by the owner. This property has been well maintained since the seller purchased it in 1987. Roof replaced in July 2020. The owner only pays RE taxes, insurance, and W/S/T. 10% Cap Rate!

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    ©2020 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. 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. Data last updated: 2020-12-01T09:52:02.13.
    www.ramusrealty.com/homes/111617283
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    3805 Kutztown Road READING, PA 19605

    • Price: $320,000
    • Status: Pending
    • Updated: 40 min ago
    • ID#: PABK366742
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1930
    Built
    Neighborhood:
    Laureldale Boro (10257)
    County:
    Berks
    Area:
    Laureldale Boro (10257)
    School District:
    Muhlenberg
    Property Description
    This 3,570 SqFt mixed-use property is the perfect opportunity you won't want to turn down! This property includes three 2-bedroom apartments, 1 storefront, and two 10-foot garages! A Construction company currently rents the storefront and one of the garages for $1325+ heat and electricity. The three 2 bedroom apartments rent for $780, $790, and $810 + heat and electric and all tenants have lived here 3+yrs. Additional garage currently used by the owner. This property has been well maintained since the seller purchased it in 1987. Roof replaced in July 2020. The owner only pays RE taxes, insurance, and W/S/T. 10% Cap Rate!
    Exterior Features

    Construction Materials Stucco Garage YN No Parking Types Parking Lot Property Condition GoodAverage Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3570.00 Cooling Wall Unit Heating Forced Air Heating YN Yes Net Square Feet 3570.00

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Business Type Apartment BuildingParking GarageOther Central Air YN No Cooling Fuel Electric Gross Income 44460.00 Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Laureldale Boro Navigable Water YN N Net Operating Income 33060.00 New Construction YN No Number Of Units Total 4 Original MLSNumber 304384201498 Owner Pays InsuranceTaxes - Real EstateTrash CollectionWaterSewer Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 6290.00 Tax Assessment Amount 139200.00 Tax Lot 8747 Vacation Rental YN No Water Source Public Zoning Mixed Use

    Listing courtesy of Weichert Realtors Neighborhood One.


    ©2020 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Ramus Realty Group. 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. Data last updated: 2020-12-01T09:52:02.13.
     
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    Ramus Realty Group
    2880 Pottsville Minersville Highway, Suite 144
    Pottsville PA, 17954