2312 5Th StAllentown, PA 18103

Property Details for 2312 5Th St

Lot size

0.30 AC

Property size (Sq ft)

11,685 SF

Property type

Industrial properties

Property subtype

Self storage facilities

Description

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.

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.5762

Longitude

-75.4553

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