High occupancy storage units + apartments- owner financing available!
| Asking Price: | $300,000 |
| Gross Revenue: | $50,000 |
This is a great opportunity for new investors trying to enter the storage units and apartments space, or the established investor looking for an easy addition to their portfolio. A local property management company currently oversees the property maintenance, rent collection, turnover etc. so it can be as hands off as needed.
The property contains 46 storage units between two buildings, four apartments in a separate building, and about an acre vacant level land for expansion. The storage units are consistently at 90% occupancy so additional storage would make sense. Given the location, boat storage or even RV storage could be a value add.
The apartments rent between $650-$750 monthly, which include utilities. (Septic, well)
The storage units come in three sizes and gross about $25K annually
Property tax, insurance, utilities, trash removal are only about $12k/year
