Description
Fantastic opportunity for passive income! These self-storage units near downtown Vale, OR currently contain 30 units that rent for $45/mo. with the potential to add more units on the additional vacant lot. Rents are currently half of the market rents and units are due for up to market increase. Currently there is electricity to the storage units, and other utilities available to connect. Two tax parcels - Lot 700 with storage units and Lot 100 (vacant land); listed together with possibility to purchase separate although this is not preferred. Additional land is also available (MLS #98874500) - Tax Lots 101, 102 and 200 are available for sale and are approved to build additional storage units. This can be purchased with tax lots 700 and 100 for additional investment income or could use for outdoor uncovered RV or equipment storage etc. something like that. Great investment opportunity.
Directions: Washington St W / N on Court St / W to corner of 14th St & Morton St W
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
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6,201SQFT
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$56$/SQFT
School Ratings & Info
Courtesy of True North Real Estate Group, Llc.Description
Fantastic opportunity for passive income! These self-storage units near downtown Vale, OR currently contain 30 units that rent for $45/mo. with the potential to add more units on the additional vacant lot. Rents are currently half of the market rents and units are due for up to market increase. Currently there is electricity to the storage units, and other utilities available to connect. Two tax parcels - Lot 700 with storage units and Lot 100 (vacant land); listed together with possibility to purchase separate although this is not preferred. Additional land is also available (MLS #98874500) - Tax Lots 101, 102 and 200 are available for sale and are approved to build additional storage units. This can be purchased with tax lots 700 and 100 for additional investment income or could use for outdoor uncovered RV or equipment storage etc. something like that. Great investment opportunity.
Directions: Washington St W / N on Court St / W to corner of 14th St & Morton St W
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