31
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$749,900
Est. payment /mo
8,000 SqFt
Active
1681 S Otsego AVE Avenue Gaylord, MI 49735
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Key Details
Property Type Commercial
Sub Type Business Op
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $93
Subdivision T30N R3W
MLS Listing ID 201838165
Lot Size 0.850 Acres
Acres 0.85
Lot Dimensions 0.85
Property Sub-Type Business Op
Source Water Wonderland Board of REALTORS®
Property Description
Very Strong, Turn-Key Investment Opportunity! Gaylord's only climate-controlled storage unit complex presents a unique opportunity for local and non-local investors. The 72-unit facility was built out in 2021 and has been successfully operating ever since. Online move-ins, keypad tenant access, bathroom, as well as indoor and outdoor security. Low vacancy rates with very strong cashflow representing a 10% cap rate. Professionally managed for the hands-off buyer, but additional cash flow available for an owner/operator.
There is room to grow in the fenced area at the rear of the building, which could be utilized for outdoor storage or additional indoor units.
Priced to sell!
There is room to grow in the fenced area at the rear of the building, which could be utilized for outdoor storage or additional indoor units.
Priced to sell!
Location
State MI
County Otsego
Community T30N R3W
Area T30N R3W
Zoning C-2
Direction S. Otsego Ave between Commerce Blvd and McCoy Rd, East side of S. Osego Ave.
Exterior
Parking Features Parking Lot, Paved
Accessibility Lever Door Handles, 36 in Entrance Door
Garage No
Building
Sewer Municipal
Structure Type Steel Siding
Others
Tax ID 102-110-000-465-02
Acceptable Financing Conventional Mort, Cash
Listing Terms Conventional Mort, Cash
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