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1214 Weimer Street, Reading PA features 10 garage storage units and 11 accompanying parking spaces, offering a secure, income-generating setup in a fully fenced block building. The unit mix includes 12x22 single bays and larger 24x22 double bays, accommodating a range of tenant needs from residential to light commercial storage. Currently, 9 of the 11 parking spaces are leased, and all garages are fully rented, reflecting strong demand and consistent occupancy. Current income is $26,700 with a net operating income (NOI) of $21,031.29, delivering an impressive 11.7% CAP rate. The pro forma outlook shows income reaching $30,000 and NOI rising to $24,000, supporting a 13.3% CAP rate. With minimal overhead and strong physical infrastructure, this is a reliable income property ideal for both new and seasoned investors. 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 | Block |
| HEAT | None |
| LOT | 7405 sq ft |
| PARKING | Parking Lot |
| STORIES | 1 |
| TAXES | 1030 |
| WATER | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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