Description
Great investment and easy to manage! Winslow Storage. 40 storage unit property for sale. Each unit 11' x 18'. Units lease for $150/mo. They are not climate controlled however they do have electricity. Located behind Winslow Plaza on Bloomington's south side. Many of the storage units are rented by tenants at Winslow Plaza. Winslow Plaza currently has professional security monitoring, and will still be responsible for the alley and dumpsters behind the Plaza where the storage units are located. The storage units have their own property tax id separate from that of the Plaza. Back lit signage on Winslow Plaza monument sign included as well. New shingle roofs installed 2016. Purchase comes with leasing website for the Storage Units. www.WinslowStorage.com. Close to 100% leased. Once fully leased, gross rental income = $72,000/yr. Only expenses are: property taxes = $3,150/yr., electricity = $150/yr., and insurance = $1,700/yr. Sale Price reflects a 10%+ cap rate. Room for future rents to grow as well. Very easy asset to manage!
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment and easy to manage! Winslow Storage. 40 storage unit property for sale. Each unit 11' x 18'. Units lease for $150/mo. They are not climate controlled however they do have electricity. Located behind Winslow Plaza on Bloomington's south side. Many of the storage units are rented by tenants at Winslow Plaza. Winslow Plaza currently has professional security monitoring, and will still be responsible for the alley and dumpsters behind the Plaza where the storage units are located. The storage units have their own property tax id separate from that of the Plaza. Back lit signage on Winslow Plaza monument sign included as well. New shingle roofs installed 2016. Purchase comes with leasing website for the Storage Units. www.WinslowStorage.com. Close to 100% leased. Once fully leased, gross rental income = $72,000/yr. Only expenses are: property taxes = $3,150/yr., electricity = $150/yr., and insurance = $1,700/yr. Sale Price reflects a 10%+ cap rate. Room for future rents to grow as well. Very easy asset to manage!
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