741 Church Street in Reading, PA presents a well-balanced mixed-use investment featuring 12 self-storage units alongside a leased residential 4-bedroom home. The storage mix includes (2) 10x10 units and a 20x35 garage, offering a versatile range of sizes suited for residential or commercial tenants. The property benefits from strong historical… Read More occupancy and a track record of long-term tenancy, with 100% of the units currently leased. 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. 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 Read Less
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