Reading, PA 19604 1214 Weimer Street

1214 Weimer Street, Reading PA features 10 garage storage units and 11 accompanying parking spaces, offering a secure, income-generating setup in a fully fenced block building. The unit mix includes 12x22 single bays and larger 24x22 double bays, accommodating a range of tenant needs from residential to light commercial storage. Currently, 9 of the 11 parking spaces are leased, and all garages are fully rented, reflecting strong demand and consistent occupancy. Current income is $26,700 with a net operating income (NOI) of $21,031.29, delivering an impressive 11.7% CAP rate. The pro forma outlook shows income reaching $30,000 and NOI rising to $24,000, supporting a 13.3% CAP rate. With minimal overhead and strong physical infrastructure, this is a reliable income property ideal for both new and seasoned investors. 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