387 South Street, Denver Twp, Michigan 49421
$294,900
Property Details
- MLS#: 65026049631
- Bedrooms: N/A
- Bathrooms: N/A
- Square Feet: N/A
- Lot Size: N/A
- Year Built: 2002
- Property Type: CommercialSale
- Status: Active
Tax and Assessment Information
Assessment evidence unavailable.
Description
Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into .... (See Supplement Remarks)Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opport
Location
This property is located in Denver Twp, Michigan. Denver Twp is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 387 South Street?
387 South Street is listed at $294,900.
How many bedrooms does 387 South Street have?
This property has N/A bedrooms and 0 bathrooms.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 484-4696
Email: [email protected]