1214 WEIMER ST Active Save Request In-Person Tour Request Virtual Tour
Reading,PA 19604
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID PABK2060556
Year Built 1900
Available Date 2025-07-28
Annual Tax Amount $1,030
Tax Year 2024
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Special Purpose
Source BRIGHT
Property Description
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
Location
State PA
County Berks
Area Reading City (10201)
Zoning R-3
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 11.0
Water Access N
Accessibility None
Total Parking Spaces 11
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District Reading
Others
Tax ID 03-5316-22-19-8215
Ownership Fee Simple
Special Listing Condition Standard