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Excellent value-add opportunity with 17 self-storage units in Reading, PA. This low-maintenance property offers a diverse unit mix, including (2) 10x10 units, (1) 9x13 unit, (11) 9x17 units, and (1) 12x60 unit with power. Current net operating income is $8,073.18, with a pro forma NOI of $24,663.00. Current CAP rate is 5.8%, with a projected pro forma CAP of 18%. This property is part of a larger portfolio of over 500 self-storage units/parking/commercial units currently offered for sale and presents significant upside for an operator focused on lease-up and efficient management. With minimal maintenance and low overhead, the site is well-positioned for increased revenue. The powered oversized unit offers unique appeal to contractors or commercial tenants and should lease quickly. Ideal for investors seeking steady income with meaningful growth potential. 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
| DAYS ON MARKET | 2 | LAST UPDATED | 7/27/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Reading City (10201) |
| COUNTY | BERKS | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | READING |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | Reading City (10201) |
| CONSTRUCTION | Brick |
| GARAGE | Yes |
| HEAT | None |
| LOT | 3485 sq ft |
| PARKING | Garage |
| SEWER | Public Sewer |
| STORIES | 1 |
| TAXES | 721 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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