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Updated over 3 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Blake Evans
  • New to Real Estate
  • Arkansas
2
Votes |
6
Posts

Self storage deal off market

Blake Evans
  • New to Real Estate
  • Arkansas
Posted

Trying to put together an off market deal. Person wants us to take over their loan and add 30k cash.

70% occupancy and in a rural area. What are your thoughts on this deal?

4,000 sq ft small facility. Brings in approx 1,200$ to 1,400$ a month and debt service is around 800$. Lots of value add potential as well.

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