2 Small Self Storage facilities for Only $299,900 NC!
See below for more pics and showing instructions.
These types of properties are very hard to find especially at an existing 10 cap with lots of value add potential. The combined current income in 2022 was $36,000.
Chadbourn Property has 44 doors and is totally climate controlled. The building used to be a grocery and was converted to climate-controlled storage. It is right beside the Town Hall and Police Station and across from the Post Office. Great location!
The Heat/Air and the Roof are both less than 10 years old. Electric heat and air.
Electric bill runs about $100 per month even with climate control.
There is a good mix of units with 4 different sizes.
This property is about 65% full
Value Add would include leasing up the rest of the units and increasing rents on all tenants.
There is also the potential of buying the adjacent building owned by the town to double the size of the facility.
Tabor City Property It is a metal building and has 25 doors and the lot is flat. The rest of the property is open and flat with lots of road frontage.
Value Add could include- adding up to 2 more buildings (tripling the size of the facility), and/or adding boat/RV storage, adding cameras and lights.
The building is well-maintained and in good condition. The gutters are cleaned out once or twice a year.
There is a nice brick marque sign and an additional sign that can be used for the property or anything else or even rented out.
The property is very close to downtown Tabor City and currently only has one vacancy.
The property is well taken care of by a tenant in exchange for free rent on one unit.
No power running to the building, but there are power poles on our parcel if needed.
Current Income is $37,566 +/- annually for both. There are lots of potential for increasing rents and filling up vacancies and adding more units and outside storage.
Cash buyers only, no financing or rent to own.
Text me at 803-339-2255 for more info.
You can also message me your email address and mobile number and I will send you more info.
We have been providing deep discounted properties in the Carolina’s for over 35 years.
See more pictures of this property and other wholesale discounted properties at https://www.investorsrehab.com/property/2-small-self-storage-facilities-for-only-349900-nc/