387 E South St

Denver Twp, MI 49421
  • $294,900

    Price
  • 0.63

    Acre

About the Listing 652727891677 - 65142519266193

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

Listing Highlights

Status Active
Days on Site 11
Property Type Commercial Sale
MLS ® 65026049631
Year Built 2002
Lot/Acreage 0.63
County Newaygo
School District Hesperia

Interior Details

  • Appliances:
  • Air Cond:
  • Heating: No Heat
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 7600
  • Basement:
  • Other: No Heat
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 102.93 x 220.19
  • Zoning: Other
  • Roof: Composition
  • Others: Frame,Vinyl,Wood,Paved
  • Sewer:

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 0930300022SUBJECTTOVILLAGEAPPROVAL
  • Tax Year: N/A

Payment Calculator

Monthly Payment

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Questions About..

387 E South St Denver Twp, MI 49421

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Originating MLS: Greater Regional Alliance of REALTORS®

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Terri Fenelon

Realtor/Associate Broker | Terri Fenelon Real Estate Group | Real Broker, LLC

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