$150,000
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824 Ritter Street Reading, PA 19601 Municipality: Reading City
Other
Residence
Beds
Baths
...
Bed/Bath
2,400
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 $1...5,679 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
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MLS#
PABK2060530
Property Type
Other
Year Built
1900
Square Feet
2,400
sq. ft
Price per Sq. Ft.
$62.50
Lot Size
0.05
Sewer
Public Sewer
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