2312 South 5th Street, Allentown, PA 18103
36 Self Storage Units & 3 Apartments - Excellent Investment Opportunity

36 Self Storage Units & 3 Apartments - Excellent Investment Opportunity

2312 South 5th Street, Allentown, PA

$395,000

HIGHLIGHTS
  • 6 Beds
  • 3 Full Baths
  • Sold Status
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
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Jennifer De Jesus

Jennifer De Jesus

Realtor® / Owner
Phone

(610) 217-6330

Email

[email protected]

Contact Agent

FEATURES & AMENITIES

Interior

  • Total Bedrooms6
  • Total Bathrooms3
  • Full Bathrooms3

Area & Lot

  • Status Sold
  • Total Area11,685 Sq.Ft.
  • neighborhoodAllentown

Financial

  • Reduced Price$375,000
  • Real Estate Tax $9,769

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

- Jennifer de Jesus

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Tel: (484) 895-9005

 

Mon - Fri 9-5
456 Union Boulevard, Allentown, PA 18019

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