3,500 SqFt
3,500 SqFt
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
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.
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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
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