Turn Key, 40 Unit Storage Facility in Lake Placid!
$399,900
SOLD
220 Atherton Ave NW
Lake Placid, FL
This property is turn key and currently 99% occupied.
Currently bringing in $4,002.14 per month on average for the first half of 2020. Can bring in $5,430 or more at 100% occupancy!
There are 4 steel buildings consisting of 40 units total.
Unit sizes range from 5x10 up to 24x40.
Break down of unit sizes are as follows:
8 - 5x10's
19 - 10x10's
8 - 20x20's
5 - 24x40's
Facility is ran completely offsite via online registration and payment system.
Cap Rate is 7.42% at current occupancy! Not including renting vacant lot.
Gated, vacant 27,720 sq.ft. lot behind the facility is included. Perfect for RV/boat storage or add additional buildings for increased revenue. Lot can bring in approx. $2,500 based on rents at $1.59 per linear foot.
Sale includes the domain name www.PlacidLakesStorage.com plus several others that are pointed to that site, current SiteLink operated website and management system ($60 per month service fee), and access to all materials to make this a truly turnkey investment!
