Monthly PI payment $2,256

30 year amortization 

PURCHASE PRICE $555,000

ENTRY FEE 82,500

INTEREST RATE 4%

Property Taxes $91 a month

Insurance is $220 a month

57 unit indoor new construction storage unit. Was designed to be able to drive through and load and unload directly into the units. Also has additional outdoor covered space for Rv’s, Boats, campers, and such. Only 30 units are currently rented. The owners converted this and have not put much effort into occupying it as it was not there first and only storage unit and not in their wheelhouse. I do not have a T-12 on this but included is a list off current rent roll and also expenses.

Property is slightly above break even as it sits today with only 30 units rented. Property could gross 8,000+ a month with also utilizing covered parking and good occupancy