1536 HAAK ST new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19602
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $83
MLS Listing ID PABK2060538
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $2,195
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
Excellent turnkey investment opportunity at 1536 Haak Street in Reading, PA, offering 36 self-storage units in a secure, fully fenced facility. This newer construction site is 100% occupied and features a strong unit mix consisting of thirty-three 9x17 units, one 18x17 unit, and two larger 20x20 units, appealing to both personal and light commercial users. The property runs on electric utilities and benefits from high tenant demand and minimal operational oversight.
Current income is $59,212 with a net operating income (NOI) of $46,391.76, reflecting a strong 9.3% CAP rate. Pro forma projections show income potential of $70,980 and NOI of $58,801.85, pushing the CAP rate to 11.8% with modest rental increases and active management. The stable occupancy and quality infrastructure make this a high-performing asset with immediate cash flow and continued upside.
This property is part of a broader portfolio of over 500+ storage units available throughout the Reading market.
Additional properties in the portfolio include:
826 Hampden – 17 units
824 Ritter – 13 units
511 Birch – 10 units
340 Locust – 18 units
333 Lombard – 34 units
1536 Haak – 36 units
625 N. 13th – 22 units
1128 Pike – 34 units
1200 N 9th Street – 66 units
306 N 13th Street – 1 unit
1541 Fairview – 8 units
635-R Weiser – 1 unit
521 S 16th Street – 10 units
328 Chestnut – 8 units
1214 Weimer – 10 units
741 Church – 12 units
330 Robeson - 1015 Rose – 96 units
364 Blair – 86 units
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-31-38-5583
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard