Self Storage Facility With Owner Financing & No Payments in Lenoir NC!
We have a very rare opportunity available to own a self storage facility with owner financing and no payments for 5 years. There is currently one building with an additional 4 + acres to build more buildings to add more units.
The current building has 31 units and all but one are rented. Current total rents are $1,425 per month. Rents are well below market and could be increased right away.
Sale price is $199,900 with $71,900 down and no payments for five years at which time a balloon payment of $160,000 will be due (which includes the 5% interest). This will give you 100% cash flow for the entire 5 years. This will give you plenty of time to add more units and increase the income and value of the property!
You could build more buildings or add individual storage buildings or shipping containers a few at a time and pay as you go. Use the income coming in from the property to add the storage buildings.
There has been new gravel put down not long ago.
There is a small unit that can be used as an office and has a half bath that is plumbed and ready for use.
Please call Lorraine at 803-610-2164 or email Lorraine@investorsrehab.com for the address and more details and pictures.
We have been providing discounted properties in the Carolina’s for over 30 years.
See more wholesale discounted properties and get on our buyers list for future deals at www.InvestorsRehab.com.