1681 S Otsego Avenue, Gaylord, MI 49735
sale
$749,900
|
Other
Courtesy Of Smith Realty Group
1349 S. Otsego Ave., Gaylord, MI 49735
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!
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Property Features
- Exterior Type: Steel Siding
- Legal Description: S 290 FT OF W 400FT OF S 60 RODS OF N 690 FT. OF W 400FT OF SO 60 RODS OF NE 1/4 OF SW 1/4 E OF OLD 27 SO. SEC 9 T30N R3W (EXCLUDING NORTH 90 FT & SOUTH 103.4 FT.) PARCEL B
- MLSID: 201838165
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