$125,000
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1541 Fairview Street Reading, PA 19606 Municipality: Reading City
Other
Residence
Beds
Baths
...
Bed/Bath
2,100
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
1541 Fairview Street, Reading PA is a well-positioned self-storage property offering 8 electric-powered units. The site boasts a strong history of stable occupancy and is currently 100% leased, with longstanding tenants contributing to reliable cash flow. The property generates $15,217 in current i...ncome with a net operating income (NOI) of $11,318.81, representing a 9% CAP rate. With focused leasing optimization, pro forma projections estimate income increasing to $22,000, generating $17,600 in NOI and a 14% pro forma CAP rate. Low maintenance and historically strong performance make this an attractive addition to any storage portfolio or first-time investor's holdings. 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
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MLS#
PABK2060548
Property Type
Other
Year Built
1900
Square Feet
2,100
sq. ft
Price per Sq. Ft.
$59.52
Lot Size
0.08
Sewer
Other
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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