328 Chestnut St

Highlights:

• Days on Market: 91

Description:

328 Chestnut Street, Reading PA offers 8 self-storage units, each sized at 9x20 with one double unit, providing tenants with generous and functional space. The property benefits from newer doors and a recently updated roof, reducing near-term capital expenditure and appealing to long-term renters seeking secure, well-maintained storage solutions.

Current income stands at $13,912 with a net operating income (NOI) of $10,592.74, reflecting a current CAP rate of 7%. Under pro forma projections, income reaches $17,000 and NOI improves to $13,600, yielding a pro forma CAP rate of 9%. This low-maintenance asset presents an ideal opportunity for investors targeting strong cash flow and stable occupancy.

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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Listing ID: 804043840406