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This Listing Sold On January 16, 2024
246307 Sold On January 16, 2024
2.046
Acres
$1,460,000
Sold
$2,350,000 Appraised value AS IS without full occupancy! $1,800,000 list price. This is an opportunity for an investor with LONG TERM GOALS. Instant equity & revenues that will cover most conventional loan terms. Since the storage units are fully not occupied is why the facility is being offered at an almost 25% discount. Newly constructed 16,000 sq ft facility. Seller also has an investment opportunity with a short timeline for execution. Owner is open to creative financing, owner financing or loan assumption. Currently an SBA loan. Currently generates $11,300 monthly ($135,600 annually) at 67% occupancy. Full occupancy generates $17,800 monthly ($213,600 annually) at current rates. Fixed Monthly expenses are less than $800 per month. This includes electricity, internet, insurance, rental software, property taxes, lawn care etc. OWNER WILL GUARANTEE CURRENT RENTAL INCOME FOR SIX MONTHS after closing so the new owner can concentrate on increasing occupancy without worry of loss of income by current renters. The current owner is not advertising discounts so as to not bind the future owner to lower income. Great for 1031 exchange or generating write offs for taxes while generating income. $61,500 yearly depreciation plus other deductions. Property is also ready for expansion on the eastern side with additional building or pods (Janus international can make steel portable units up to 10x30 in the same color scheme and clarified as “equipment” which eliminates the building permit process). Southern side of the property just across the entrance can be cleared and used for RV/Boat storage for additional income. State of the art security cameras and digital gate /door access. One of only two companies in the county with paved drives. Rent online pay online makes this truly passive income without the need of onsite management. Name, contact info, software and support Along with current tenants transfer to new owner. Completely Turnkey with zero downtime.
Listing ID:
246307
Property Type:
BuildingLandBusiness
Year Built:
2023
Acres:
2.046
Map
Latitude: 36.378690 Longitude: -81.482724
Location & Neighborhood
City: West Jefferson
County: Ashe
Area: 16-Jefferson, West Jefferson
Subdivision: None
Environment
Utilities & Features
Heat: Electric, Forced Air
Sewer: Not Connected, Public Sewer
Utilities: High Speed Internet Available, Water Available
Parking: Paved, Parking Spaces
Interior
Exterior
Exterior: Storage
Construction
Construction: Other, Steel Frame, See Remarks
Roof: Other, See Remarks
Financial
Property Taxes: $1,035
Other
Price Per Sqft: N/A
Price Per Acre: $879,765
The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.
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