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Description
Great opportunity for an automated business expected to have a strong yearly cash flow of approx 100k gross based on pro-forma data & current run rate w plenty of room for rental increases. Construction is not yet complete at the time of listing (ETA 2 weeks), facility is already at approx 70% occupancy. The property has 50 units w current rents varying from $165-$195 a month & plenty of room for increases based on the quality of the facility & supply/demand in the area. Rare opportunity to own a cash flowing business w a real estate component. Attaching some graphically enhanced visual representations of what the property will look like when finished to the photos. The 2 north side buildings will be covered but not enclosed & the southern side units closest to the road are enclosed with bay doors adding a degree privacy to the customer experience. No physical storefront or need for employees as it is internet-based & doesn't require the owner's time in the vast majority of instances.
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Listing information provided courtesy of the Central Texas MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 1st July, 2022 10:20 PM (UTC)