$70,000
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306 N 13th Street Reading, PA 19604 Municipality: Reading City
Other
Residence
Beds
Baths
...
Bed/Bath
1,130
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
306 N 13th Street, Reading PA presents a compact yet versatile investment opportunity featuring a single 16x52 unit. Supported by electric utility service, the space includes two garage doors and a flexible layout that caters well to commercial, storage, or automotive use. The unit is currently lea...sed to a long-term tenant, generating $7,099 in annual income with a net operating income (NOI) of $5,561.81, reflecting a 7.9% CAP rate. Pro forma projections show income increasing to $10,000 with a corresponding NOI of $8,000, representing an 11.4% pro forma CAP rate. This low-maintenance property offers stable returns and commercial flexibility, ideal for investors seeking a low-barrier entry into the Reading industrial 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
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MLS#
PABK2060546
Property Type
Other
Year Built
1900
Square Feet
1,130
sq. ft
Price per Sq. Ft.
$61.95
Lot Size
0.03
Sewer
No Sewer
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