Excellent Investment Property featuring 36 climate controlled self storage units and 3 apartments.
The storage facility includes loading dock access, individual key pad entry, office, 2 maintenance/tool rooms, new gas heating system installed 2016 and a large basement that can be used for additional storage options. The 3 Apartments are fully occupied with tenants paying heat and electric. A solid history of occupancy and a true value add option to add to your portfolio.
Electric: $1,644 (Actual Owner pays electric for Storage Facility; Apartments - tenants responsible for electric) Water/Sewer: $1,126 (Actual- Owner pays Water/Sewer) Insurance: $2,566 Gas: $1,162 (Actual Owner pays Gas Heat for Storage Facility) Gross Inc: $72,048 (projected at full occupancy) Net Inc: $55,781 Operate Exp: $16,267 (Actual -includes owner pd utilities, )taxes, & ins.