462 Bald Eagle Ave, Howard, PA 16841
48 Unit Self-Storage
Asking Price: $650,000
Prepared by:
Pete Tarutis
Realty One Group + The Melito & Koch Team
pete@melitoandkoch.com | 570-332-6148
Property Overeview
462 Bald Eagle Ave is a self-storage facility in Howard, Pennsylvania with 48 rentable units and 7 outdoor spaces. The property demonstrates high occupancy (~95%) and a low expense profile. There is immediate upside through rent optimization and space for expansion.
Photos Link
Current Rent Roll
| Unit Size | Current Rent | Units | Monthly Revenue |
| 5′ × 10′ | $75 | 18 | $1,350 |
| 10′ × 10′ | $100 | 9 | $900 |
| 10′ × 15′ | $110 | 9 | $990 |
| 10′ × 20′ | $125 | 12 | $1,500 |
| Total | 48 units | $4,740/mo |
Annual Gross Income (Current):
$4,740 × 12 = $56,880
Owner Provided Current Financials:
Financials Link
Projected Financials Based on the Market Rents Listed Below:
https://docs.google.com/spreadsheets/d/1SWworYRg_XpSLEp-mZiIKEYPeIgpGCuQMieRjnF67bU/edit?usp=sharing
Marker Rent Comparables
Local self-storage facilities in Centre County (Bellefonte, Centre Hall, State College area) have prevailing rents:
| Unit Size | Typical Market Rent |
| 5×10 | $78 – $89/mo |
| 10×10 | $100 – $125+/mo |
| 10×15 | $140 – $210+/mo |
| 10×20 | $160 – $230+/mo |
This shows clear potential to raise rents across most unit sizes.
PROJECTED MARKET RENT PRO FORMA
Assumed Market Rents
| Unit Size | Market Rent/mo | Units |
| 5′ × 10′ | $80 | 18 |
| 10′ × 10′ | $110 | 9 |
| 10′ × 15′ | $140 | 9 |
| 10′ × 20′ | $200 | 12 |
Investment Highlights
- High occupancy (~95%) with minimal operating costs
- Below market rents relative to regional benchmarks
- Unused lot space for potential expansion (plans not approved or started)
- Simple operations with upside through rent optimization
Conclusion
462 Bald Eagle Ave is a stable, income-producing self-storage asset with immediate rent optimization opportunity, low expenses, and expansion space — ideal for investors seeking yield and growth.
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
