Call Agent

36 Self Storage Units & 3 Apartments - Excellent Investment Opportunity

2312 S 5th St, Allentown, PA 18103

$510,000

36 Climate Controlled Self Storage Units
3 Tenant Occupied Apartments
New Gas Heating System Installed 2016
DETAILS
6

Beds

3

Baths

11,685 SF

Total Area

9769/yr

Taxes

SAVE PROPERTY
UNSAVE PROPERTY
Request info
Jennifer de Jesus
Excellent Investment Property featuring 36 climate controlled self storage units and 3 apartments.

The storage facility includes loading dock access, individual key pad entry, office, 2 maintenance/tool rooms, new gas heating system installed 2016 and a large basement that can be used for additional storage options. The 3 Apartments are fully occupied with tenants paying heat and electric. A solid history of occupancy and a true value add option to add to your portfolio.

Electric: $1,644 (Actual Owner pays electric for Storage Facility; Apartments - tenants responsible for electric)
Water/Sewer: $1,126 (Actual- Owner pays
Water/Sewer)
Insurance: $2,566
Gas: $1,162 (Actual Owner pays Gas Heat for Storage Facility)
Gross Inc: $72,048 (projected at full occupancy)
Net Inc: $55,781
Operate Exp: $16,267 (Actual -includes owner pd utilities, )taxes, & ins.


3rd Flr Unit: 2-bedroom/1-bathroom | Occupied | Rent - $850/mo | Oven/Range, Refrigerator
2nd Flr N Unit: 3-bedroom/1-bathroom | Occupied | Rent - $930/mo | Dishwasher, Oven/Range, Refrigerator
2nd Flr S Unit: 1-bedroom/1-bathroom | Occupied | Rent - $809/mo | Dishwasher, Oven/Range, Refrigerator

The storage facility includes loading dock access, individual key pad entry, office, & 2 maintenance/tool rooms

- Jennifer de Jesus

SAVE PROPERTY

UNSAVE PROPERTY

Request info

The neighborhood: Allentown

Beautifully-preserved historic city with a thriving modern cultural life.