Listed by FC Tucker/Bloomington, REALTORS
$975,000
1897 E SMITHVILLE RD BLOOMINGTON IN 47401
Details
APN 531103100040000006
Property Type Self Storage
Square Footage 20,928
NOI $64,882
Occupancy 100%
Tenancy Multi
Lease Type Gross
Year Built 1996
Buildings 2
Stories 1
Acreage 3.990
Zoning Limited Business
Investment Type Stabilized
100% Leased | Self-Storage
Marketing description
Turnkey investment opportunity featuring 38 fully leased storage units in south Bloomington, near Lake Monroe. The property includes 20 units measuring 30’ x 11’, 16 units measuring 35’ x 11’, and two large warehouse/flex units totaling approximately 3,000 SF each. This income-producing asset offers consistent occupancy with upside potential through expansion on excess land. Prime location benefits from proximity to growing residential areas and high-traffic recreational destinations, supporting long-term demand.
Investment highlights
- 38 Units
- 20 Units- 30' X 11‘
- 16 Units- 35' X 11'
- 2 Units- 64' X 50'
- Frontage on East Smithville Road
- Zoned Light Business (Monroe County)
- Rents are to be raised this year
Listing Contacts
Listed by FC Tucker/Bloomington, REALTORS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,881.75
$5,406.81/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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