UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $59
MLS Listing ID PABK2060548
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $1,328
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
The property generates $15,217 in current income with a net operating income (NOI) of $11,318.81, representing a 9% CAP rate. With focused leasing optimization, pro forma projections estimate income increasing to $22,000, generating $17,600 in NOI and a 14% pro forma CAP rate.
Low maintenance and historically strong performance make this an attractive addition to any storage portfolio or first-time investor's holdings.
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 Other
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-39-37-6382
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Edward Cole
Broker Associate | License ID: PA: AB067617 | DE: RB0020595
Broker Associate License ID: PA: AB067617 | DE: RB0020595