1536 Haak Street Reading, PA 19602 Municipality: Reading City

Other Residence

Beds

Baths

... Bed/Bath

6,000 Sq. Ft.

Property Activity

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Last updated on 12/22/2025 5:37 AM

Listing Details

Excellent turnkey investment opportunity at 1536 Haak Street in Reading, PA, offering 36 self-storage units in a secure, fully fenced facility. This newer construction site is 100% occupied and features a strong unit mix consisting of thirty-three 9x17 units, one 18x17 unit, and two larger 20x20 uni...ts, appealing to both personal and light commercial users. The property runs on electric utilities and benefits from high tenant demand and minimal operational oversight. Current income is $59,212 with a net operating income (NOI) of $46,391.76, reflecting a strong 9.3% CAP rate. Pro forma projections show income potential of $70,980 and NOI of $58,801.85, pushing the CAP rate to 11.8% with modest rental increases and active management. The stable occupancy and quality infrastructure make this a high-performing asset with immediate cash flow and continued upside. This property is part of a broader portfolio of over 500+ storage units available throughout the Reading market. 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 Continue reading

MLS#

PABK2060538

Property Type

Other

Year Built

1900

Square Feet

6,000 sq. ft

Price per Sq. Ft.

$83.33

Lot Size

0.16