$315000

M-19 Mini-Storage
  • Units: 84
  • Cap Rate: 9.71 Percent
  • Price Paying: 25.36 sqft
  • Price Per Unit: $4,166
  • Property Type: Commercial
  • Gross Rent Multiplier: 6.78
  • Year Built: 2000
  • Monthly Income Per Unit: $51.18
  • Expense to Income Ratio: 34.13 Percent
  • Average Square Feet: 164
  • Debt Service Coverage: 1.85
  • Cash Flow: $15,568
  • ROI Year One: 17.79%
  • Listing Agent: Bruce Lister
  • Property Features: Income Property Organization is pleased to present the exclusive marketing of M-19 Mini Storage which is located in Riley, Michigan. This property consists of:

    84 Units – 13,800 sq. ft.
    Drive-Up & Outside Storage
    Room for Future Development

    M-19 Mini Storage is situated on 650 Burnell Road, in Riley Michigan.

    This property is comprised of 84 units, ranging from 20 to 240 square feet. There are a total of 4 buildings. This property is a value add play for an investor with experience in self-storage. The owner is motivated to sell, and based on the asking price of $350,000, M-19 Mini Storage reflects a 9.71% cap rate with a cash-on-cash return of 17.79%.

    Once you have had a chance to review the included information please call to set up a confidential showing before this aggressively priced opportunity is gone.
  • Interior Features: -
  • Exterior Features: -

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  • About Us

    Income Property Organization offers customized brokerage services that are designed to meet the specific needs of a wide range of clients -- private owners as well as institutional investors -- who want to buy or sell income property.
  • Contact Us

    Income Property Organization
    6421 Inkster Rd., Suite 200
    Bloomfield Hills, MI 48301
    Telephone (248) 932-0300
    Fax (248) 932-0301