2312 S 5th St
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2312 S 5th St
11,685 SF Specialty Building Offered at $795,000 at a 7.97% Cap Rate in Allentown, PA 18103
Executive Summary
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.
Property Facts
| Price | $795,000 | Lot Size | 0.30 AC |
| Price Per SF | $68 | Building Size | 11,685 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.97% | Year Built | 1900 |
| Property Type | Specialty | Parking Ratio | 0.51/1,000 SF |
| Property Subtype | Self-Storage | Cross Streets | W Emaus Ave |
| Building Class | C |
| Price | $795,000 |
| Price Per SF | $68 |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 11,685 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.51/1,000 SF |
| Cross Streets | W Emaus Ave |
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Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 640651803000-1 | Improvements Assessment | $247,000 |
| Land Assessment | $59,500 | Total Assessment | $306,500 |
PROPERTY TAXES
Parcel Number
640651803000-1
Land Assessment
$59,500
Improvements Assessment
$247,000
Total Assessment
$306,500
zoning
| Zoning Code | R-L (Low Density Residential District allows for single family homes and other low-density residential uses) |
| R-L (Low Density Residential District allows for single family homes and other low-density residential uses) |
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2312 S 5th St
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