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36 Self Storage Units & 3 Apartments - Excellent Investment Opportunity

2312 South 5th Street, Allentown, PA 18103

$375,000
$395,000

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

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Jennifer de Jesus
Excellent Investment Property.
Heated self storage facility featuring 33 interior self storage units 3 garage spaces, and 3 apartments.

The storage facility includes loading dock access, individual key pad entry, office, 2 maintenance/tool rooms, restrooms, 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. At full occupancy
, projected gross income is $73,212

Electric: $1,644
Water/Sewer: $1,126
Insurance: $2,566
Gas: $1,162
Gross Inc: $49,812
Net Inc: $33,503
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 - $977/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

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The neighborhood: Allentown

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