1541 FAIRVIEW ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19606
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060548
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $1,328
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
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 income 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
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Other
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 16-5316-39-37-6382
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard