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PRICE $135,000 dsIDX morgage calculator
SIZE 2,100 sqft
LOT SIZE 4,356 sqft
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521 S 16th Street, Reading PA features 10 self-storage units and 4 off-street parking spaces, all within a gated, secure facility. The mix includes six 9x17 units along with four larger units, all equipped with roll-up doors. The added parking component provides additional income potential, making this a flexible and efficient income-producing asset. Current income is $15,989 with a net operating income (NOI) of $12,602.84, delivering a current CAP rate of 9.3%. Pro forma projections show income at $18,500 and an NOI of $14,800, yielding a pro forma CAP rate of 11%. With minimal maintenance and strong tenant demand, this property offers reliable returns with upside 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 1967 COMMUNITY Reading City (10201)
COUNTY BERKS STATUS Active
PROPERTY TYPE(S) Commercial

SCHOOLS
School District READING


ADDITIONAL DETAILS
AIR None
AREA Reading City (10201)
CONSTRUCTION Frame
HEAT None
LOT 4356 sq ft
PARKING None
SEWER Public Sewer, Other
TAXES 924
WATER None
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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