Reading, PA 19602 1536 Haak Street

Excellent turnkey investment opportunity at 1536 Haak Street in Reading, PA, offering 36 self-storage units in a secure, fully fenced facility. This newer construction site is 100% occupied and features a strong unit mix consisting of thirty-three 9x17 units, one 18x17 unit, and two larger 20x20 units, appealing to both personal and light commercial users. The property runs on electric utilities and benefits from high tenant demand and minimal operational oversight. Current income is $59,212 with a net operating income (NOI) of $46,391.76, reflecting a strong 9.3% CAP rate. Pro forma projections show income potential of $70,980 and NOI of $58,801.85, pushing the CAP rate to 11.8% with modest rental increases and active management. The stable occupancy and quality infrastructure make this a high-performing asset with immediate cash flow and continued upside. This property is part of a broader portfolio of over 500+ storage units available throughout the Reading 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