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29953403
29953404

353 E 1st St, Fennville, MI 49408

MK
MI MI 6502376505
Realty Executives Home Towne (Shelby)
Listed by Realty Executives Home Towne (Shelby)
Unpriced
117 days on market
Updated 44 days ago
Under Contract

Stowaway Self-Storage

Details
Property Type Self Storage
Square Footage 12,780
Net Rentable (SqFt) 12,780
Units 140
Occupancy 76%
Tenancy Multi
Lease Type NNN
Year Built 2020
Buildings 9
Lot Size (SqFt) 1.39
Investment Type Stabilized

140 Units

Marketing description

Please Contact Danielle Moore at 586.354.4433 with all inquiries!

Status: Professionally managed, recently built, well-maintained

Occupancy: ~76% and still leasing up

Financial Performance:

2024 Gross Revenue: $126,343

2025 Revenue: $134,314.54

Expenses: $56,832.12

NOI: $77,482.42

Upside Potential:

Continued lease-up driving revenue growth

Strong local fundamentals and demand drivers

Area revitalization underway, including a grant-funded historic hotel renovation and multiple community development projects supporting long-term value appreciation

Low-maintenance, updated facility with proven operational history

Investment highlights

Property Highlights

  • 138 Units | 12,780 Net Rentable SF

  • ~76% Occupied with continued lease-up opportunity

  • Recently Built Construction – Modern design and layout

  • 2024 Revenue: $134,314.54

  • NOI: $77,482.42 with upside through occupancy growth

  • Low-Maintenance Asset with minimal deferred capital needs

  • Proven Operating History with in-place cash flow

  • Located in a revitalizing market supported by public and private investment

Listing Contacts

MK
MI MI 6502376505
Realty Executives Home Towne (Shelby)
Listed by Realty Executives Home Towne (Shelby)

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Loan Amount
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$77,482.00
$6,456.83/mo

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Additional Information

Name
Maurice Khalifa
License
MI 6502376505
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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