402 Elm St - ELM STREET STORAGE
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402 Elm St - ELM STREET STORAGE
21,000 SF Specialty Building Offered at $375,000 at a 9.51% Cap Rate in Clairton, PA 15025
Investment Highlights
- Fully Leased, Value Oriented, Tremendous Upside
Executive Summary
Elm Street Storage is a 3 storey 21000 SF former school that was converted into a self storage facility in 2015. A total of 46 self storage units manufactured by Wayne Dalton were added within the building and there are 20 parking spaces outside with two loading docks, one on each of the 2 accessible floors. The units are always rented. The upper floor is accesible from 2 internal staircases. A new roof was installed in 2007 as well as ADA compliant ramps,. The building contains an electronic access system, 24 hour security system and video surveillance. The storage units reside on the ground and 1st floors, can be realized by the new owner Considerable value can be easily achieved by increasing rents to market rates, and further value can be gained by adding additional units to the 2nd floor with a minor capital investment. Contact Matt Cochran directly at 724-799-3970 or at cozziacres@verizon.net.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Signage
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 0764-B-00188-0000-00 | Total Assessment | $65,000 |
| Land Assessment | $9,750 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $55,250 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0764-B-00188-0000-00
Land Assessment
$9,750
Improvements Assessment
$55,250
Total Assessment
$65,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R3 (Structure is compliant with use per present occupancy.) |
| R3 (Structure is compliant with use per present occupancy.) |
-
Matthew Cochran -
Cozzi Enterprises LLC
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402 Elm St - ELM STREET STORAGE
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