About 1214 Weimer St
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.
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1200 N 9th Street – 66 units
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1541 Fairview – 8 units
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521 S 16th Street – 10 units
328 Chestnut – 8 units
1214 Weimer – 10 units
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330 Robeson - 1015 Rose – 96 units
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