PA > Reading
Reading, PA 19606,521 S 16TH ST
Reading, PA 19606,521 S 16TH ST
Reading, PA 19606,521 S 16TH ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Beau McGettigan • KW Commercial
$135,000
Est. payment /mo
2,100 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 2,100 sqft

Price per Sqft $64

MLS Listing ID PABK2060552

Year Built 1967

Available Date 2025-07-28

Annual Tax Amount $924

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

521 S 16th Street, Reading PA features 10 self-storage units and 4 off-street parking spaces, all within a gated, secure facility. The mix includes six 9x17 units along with four larger units, all equipped with roll-up doors. The added parking component provides additional income potential, making this a flexible and efficient income-producing asset.

Current income is $15,989 with a net operating income (NOI) of $12,602.84, delivering a current CAP rate of 9.3%. Pro forma projections show income at $18,500 and an NOI of $14,800, yielding a pro forma CAP rate of 11%. With minimal maintenance and strong tenant demand, this property offers reliable returns with upside potential.

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 Public Sewer, Other

Water None

New Construction N

Schools

School District Reading

Others

Tax ID 16-5316-32-37-9537

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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521 S 16TH ST

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