36-Unit Storage Facility with 3 Apartments
2312 S 5th St
Allentown, PA 18103
FOR SALE
Property Type:
Self StorageAmount:
$895,000
Last Verified:
Feb 28, 2024Highlights
- Located in the heart of Allentown, offering prime accessibility
- Storage and residential rents currently below market rates
- Competitive pricing for storage units, with potential for increased revenue
- Residential units equipped with electric heating and cooking, each with individual meters
- Recent capital expenditures to enhance property value
- All apartments renovated, appealing to discerning tenants
Description
Discover a lucrative investment opportunity offered by The Daniel Perich Group of KW Commercial Real Estate. Located in the heart of Allentown, this property features a 36-unit storage facility alongside three residential apartments. Spanning 11,685 square feet, the building presents immense potential with rents currently below market rates. The storage units, including 5x10 spaces, are competitively priced, offering immediate revenue growth potential. Additionally, all residential units boast electric heating and cooking, each with individual meters. Recent capital expenditures have enhanced the property's value, with all apartments undergoing renovations to attract discerning tenants.
Allentown, PA
Building Size: 11685sq ft
Lot Size: 0.3 acres
