5450, Shelby, Shelby, MI, 49455
Basics
- Date added: Added 3 days ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 0
- Lot size: 2.2 sq ft
- Year built: 2019
- Bathrooms Full: 0
- Lot Size Acres: 2.2 acres
- Business Type: Storage
- County: Oceana
- MLS ID: 25046339
Description
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Description:
Great self-storage investment producing consistent monthly cash flow with minimal owner involvement. Conveniently located between US-31 and Stony/Silver Lakes, this property provides high visibility and easy access. It has experienced steady occupancy growth year after year and is ready for the next phase of expansion. Current ownership recommends constructing 1 more building and adding fencing to attract RV & boat storage. Built in 2019 & 2022, the buildings features industry-standard Trachte all-steel construction for durability and low maintenance. The property is already set up for easy remote management and all tenants are on monthly autopay. The seller is willing to train the new owner. Priced at an attractive 8% cap rate, with value-add opportunity, this is an investment that is hard to beat.
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Location
- Directions: From US31 and Shelby Rd, head west on Shelby Rd to North on 58th to access driveway running west to property.
Building Details
- Building Area Total: 12000 sq ft
- Number Of Units Total: 63
- Construction Materials: Metal Siding
- Sewer: None
- Heating: None
- Roof: Metal
- Foundation Details: Slab
- Number Of Buildings: 2
Amenities & Features
- Inclusions: Real Estate
- Utilities: Electricity Available, None
- WaterSource: None
- Interior Features: Broadband
Fees & Taxes
- Tax Assessed Value: $208,117
- Tax Year: 2024
- Tax Annual Amount: $9,165.38
- Gross Income: $72,000
School Information
- High School District: Shelby
Miscellaneous
- CrossStreet: 58th
- Listing Terms: Conventional, Cash
