For Sale
$825,000

2312 5Th StAllentown, PA 18103

39 Units, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity in Allentown, Pennsylvania, presents a 36-unit self-storage facility coupled with three residential apartments, all situated on a 0.3-acre lot. The property boasts a total of 11,685 square feet and commands an asking price of $825,000, representing a price per unit of $21,154 and a price per square foot of $70.60. The property's strong financial performance is evidenced by a Net Operating Income (NOI) of $63,324, yielding a 7.68% capitalization rate. The storage units, including 5x10 spaces, are currently priced below market rates, presenting immediate potential for revenue growth. All three apartments have recently undergone renovations, featuring electric heating and cooking, and individual meters. The property is zoned R-L and includes six parking spaces. This prime Allentown location offers exceptional accessibility and strong tenant demand, making it an ideal investment for both seasoned and emerging investors. The property's recent capital expenditures further enhance its value and attractiveness. The Lehigh County location and the property's strong financial metrics make this a compelling investment opportunity. The property's APN is 640651803000.

Highlights

  • Prime Allentown location with excellent accessibility.
  • Below-market rents for both storage and residential units.
  • Competitive storage rates with significant upside potential.
  • Residential units feature electric heat and cooking, individually metered.
  • Recent capital improvements increase property value.
  • Fully renovated apartments attract high-quality tenants.

Property Details for 2312 5Th St

Property type
Self storage facilities
Square Feet
11,685 SF
Lot Size (sq. ft)
13,068 SF
Units
39

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.576161
Longitude
-75.4553315
2312 5Th St, Allentown, Pennsylvania

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2312 5Th St
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