741 CHURCH ST new to site Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $78
MLS Listing ID PABK2060558
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $2,614
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
741 Church Street in Reading, PA presents a well-balanced mixed-use investment featuring 12 self-storage units alongside a leased residential 4-bedroom home. The storage mix includes (2) 10x10 units and a 20x35 garage, offering a versatile range of sizes suited for residential or commercial tenants. The property benefits from strong historical occupancy and a track record of long-term tenancy, with 100% of the units currently leased.
Current income is $36,267 with a net operating income (NOI) of $28,372.95, reflecting a solid 10.3% CAP rate. The pro forma income projects $40,000 with an NOI of $32,000, resulting in an improved CAP rate of 11.6%. With low maintenance costs, dependable tenancy, and a mix of income streams, this asset is a compelling opportunity for investors seeking stability and upside in a diversified storage/residential setup.
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 Electric
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-59-84-2308
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard