Description
Excellent opportunity to acquire a self-storage facility in Bells, Texas. The property consists of 20 standard 10x10 units, three smaller units, and one 20x20 garage that is not currently leased, estimated to rent for around $300 per month. Over the last few months, ownership has focused on cleaning out vacant units and re-signing tenants, renewing those who wished to stay at their existing rental rates. As a result, the currently leased units are under market value, and those tenants have intentionally been kept on month-to-month agreements. This presents the new owner the flexibility to raise rents once the vacant units are filled. At this time, 8 units are occupied and 16 are vacant, fully cleaned out, and ready to lease. None of the vacant units have been marketed yet, as ownership has prioritized the sale. Sellers will consider owner financing, please call for more information.
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0BEDS
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0.21ACRES
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01/2 BATHS
School Ratings & Info
Description
Excellent opportunity to acquire a self-storage facility in Bells, Texas. The property consists of 20 standard 10x10 units, three smaller units, and one 20x20 garage that is not currently leased, estimated to rent for around $300 per month. Over the last few months, ownership has focused on cleaning out vacant units and re-signing tenants, renewing those who wished to stay at their existing rental rates. As a result, the currently leased units are under market value, and those tenants have intentionally been kept on month-to-month agreements. This presents the new owner the flexibility to raise rents once the vacant units are filled. At this time, 8 units are occupied and 16 are vacant, fully cleaned out, and ready to lease. None of the vacant units have been marketed yet, as ownership has prioritized the sale. Sellers will consider owner financing, please call for more information.
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