741 CHURCH ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19601
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060558
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $2,614
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
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 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
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Reading
Others
Tax ID 14-5307-59-84-2308
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard