Murphy Self Storage
Self Storage | 45 Units | $22,222/unit
Listing Contacts
License: HI RB-23578, KY 73339, OR 201212938, CA 01507135
License: CO 100082690
Active
Asking Price: $1,000,000
Address
175 Railroad Ave, Murphy, NC 28906
Show on MapDate Added
Jun 10, 2024
Days on Market
281 days
Time Since Last Update
27 days
Details
Property TypeSelf Storage
Cap Rate3.00%
NOI$30,000
Units45
Lot Size (acres)2.9
Price/Unit$22,222.22
Marketing Description
Jennifer Stein Real Estate, Inc in conjunction with the self storage team at MHP Brokerage is pleased to present for sale a 2.9 acre, 45 unit facility with 100,000+ Sq Ft ready for expansion. This facility has a waiting list for open units and presents a unique value-add opportunity to expand to fit the growing demand.
Investment Highlights
- 45 Units / 100,000+ Sq Ft available for expansion
- High demand area, waiting list for open units. Great opportunity to capitalize on existing demand and growing population
- $30,000 NOI - $5,000-$10,000 additional income if waiting list demands are met
- 2.9 acres - 2 acres ready to expand
- Low actual expense ratio
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,000.00
$2,500.00/mo
Valuation Metrics
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0
DSCR
3%
Cap Rate
3%
ROI
Due Diligence
Listing Contacts
- License: HI RB-23578, KY 73339, OR 201212938, CA 01507135
- License: CO 100082690
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