306 N 13 Th St

Highlights:

• Days on Market: 91

Description:

306 N 13th Street, Reading PA presents a compact yet versatile investment opportunity featuring a single 16x52 unit. Supported by electric utility service, the space includes two garage doors and a flexible layout that caters well to commercial, storage, or automotive use.

The unit is currently leased to a long-term tenant, generating $7,099 in annual income with a net operating income (NOI) of $5,561.81, reflecting a 7.9% CAP rate. Pro forma projections show income increasing to $10,000 with a corresponding NOI of $8,000, representing an 11.4% pro forma CAP rate.

This low-maintenance property offers stable returns and commercial flexibility, ideal for investors seeking a low-barrier entry into the Reading industrial market.

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: 804043796654