PA > Reading
Reading, PA 19601,824 RITTER ST
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Dave Marcolla

Dave Marcolla

+1(609) 423-9147
Listed by Beau McGettigan • KW Commercial
$ 150,000
Est. payment | /mo

2,400 SqFt

Save
$ 150,000
Est. payment | /mo
Save

2,400 SqFt

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $62

MLS Listing ID PABK2060530

Year Built 1900

Available Date 2025-07-28

Annual Tax Amount $361

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 0.00 x 0.00

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

Excellent self-storage investment opportunity at 824 Ritter Street in Reading, PA, featuring 13 classic garage-style storage units with a track record of stable, long-term occupancy. This low-maintenance asset is ideal for investors seeking reliable income with upside potential. Current income is $15,679 with a net operating income (NOI) of $11,876.81, producing a 7.9% CAP rate. With improved leasing and management focus, pro forma projections increase income to $22,620 and NOI to $16,965, yielding an 11.3% CAP rate.

This property is part of a larger portfolio of over 500 storage units currently available for sale. With minimal operating expenses and solid leasing fundamentals, this asset offers meaningful potential for enhanced returns.

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 Public Sewer

Water Public

New Construction N

Schools

School District Reading

Others

Tax ID 15-5307-56-44-6838

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 423-9147

dave@marcollarealty.com

444 S State St, Newtown, PA, 18940, USA

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824 RITTER ST

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