For Sale $895,000
Property Type Industrial - Storage
Property Size 11,685 SF
Units 39
Lot Size 0.3 Acre
Parking Spaces Avail. 6
Property Tenancy Multi-Tenant
Date Updated Apr 28, 2024
HVAC None

Allentown, PADiscover 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.

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Attachments

Brochure - 2312 S 5th St (PDF) opens in new window

Highlights

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