Updated about 10 years ago on . Most recent reply
$100K Price Drop! Seller says sell Boat and Mini Storage so he can purchase out of state project!
Rare Investment Opportunity! Boat and Mini Storage with excellent reputation, extremely clean and great returns! Located in Northern California, this is a turn key opportunity!
OWN A FIRST CLASS BOAT & STORAGE FACILITY AS AN INVESTMENT OR AN OWNER OPERATOR. THE FACILITY WAS BUILT IN 2006 AND IS IN GREAT CONDITION. 172 UNITS 95% OCCUPIED. ESTIMATED INCOME FOR 2015 $83,700, 6.9% CAP RATE (WITH MANAGER ON SITE), POTENTIAL INCOME WITH OWNER OPERATED $100,500, 8.3% CAP RATE. 100% OCCUAPNCY WOULD GENERATE NET INCOME$114,900. BIG MONEY MAKER!
THE NEW OWNER WOULD BE RECEIVING AN EXTRA $14,400 ANNUALLY (100% OCCUPANCY) IF ALL THE UNITS THAT ARE CURRENTLY UNAVAILABLE WERE FILLED UP (OWNER IS USING THOSE TO STORE PERSONAL BELONGING) .
THE FACILITY HAS SECURITY CAMERAS, INSULATED CEILINGS, KEYPAD ENTRY AND AN OFFICE WITH ANOTHER ROOM AND A BATHROOM THAT COULD HAVE SHOWER INSTALLED (PLUMBING IS ALREADY THERE) SO YOU CAN POSSIBLY LIVE THERE AND MANAGE THE FACILITY YOURSELF.
Offers bring presented this week!