12412 E Hwy 40, Silver Springs, FL 34488
Big value-add opportunity with this 65 Unit Self Storage facility right off of Highway 40, about 12 miles east of Downtown Ocala. This storage facility is well built and in good condition. The owner retired this year and has been hands off with no advertising. The property is currently 50% occupied generating $1710 per month. With proper management and a good lease-up plan, the facility can be brought back to 90% occupancy or more. Our numbers reflect a conservative pro forma, budgeting for 15% vacancy. We recommend adding an automatic gate and keypad to cut down on management costs. There is also an office up front and small space that was being rented out to a hair salon. These storage units vary in size but all are 5×10 or larger and there are currently 7 spaces to park boats or RVs. Storage facilities can generate excellent passive income, with low maintenance and low expenses. $100,000 in seller financing is available.
Available on 10.27.2020
Don’t let this excellent opportunity pass you by! Get it yours now!
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The sale of these Properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement