387 E South Street, Hesperia, Michigan

$294,900

0.63

Acres

About 387 E South Street

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

Features of 387 E South Street

MLS® # 65026049631
Price $294,900
Bathrooms 0.00
Acres 0.63
Year Built 2002
Type Commercial Sale
Status Active

Community Information

Address 387 E South Street
Area 62091 - Denver Twp
City Hesperia
County Newaygo
State Michigan
Zip Code 49421

Amenities

Utilities None
Parking Unpaved
Is Waterfront No
Has Pool No

Interior

Heating None
Fireplace No

Exterior

Construction Frame, Vinyl Siding, Wood Siding
Foundation None

School Information

District Hesperia

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams GR North
Contact Infotammyjo@tjhomes.com

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