328 Chestnut Street

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