120 Self Storage Units - Reduced/Seller Financing!

Madison, AL (Madison County)

Seller Financing Available
120 Self Storage Units - Reduced/Seller Financing!

Asking Price:$425,000

Cash Flow:$50,000

Gross Revenue:$60,000

EBITDA:N/A

FF&E:$2,500

Inventory:N/A

Real Estate:$325,000

Established:2000

120 Self Storage Units - Reduced/Seller Financing!

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Business Description

Reduced to $425,000...120 Self storage units just outside Huntsville in Madison, AL. Includes real estate. 3 buildings on 1.41 acres. Note: An adjacent .59 acre parcel is available for $75,000 that would allow for 2 more buildings or 80 more units! Currently only 73% occupied, however, at 100% monthly gross would be $7,255/month. Fenced with auto key pad gate. Less than 2 miles from Hwy 72. Seller financing available with 60%+ down. Email: Shannon@prime100bb.com or call 256-289-1564

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
Self
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 Mini storage buildings. Growing area with numerous subdivisions around. Across the street from Wal-Mart Market, Family Dollar, and Fred's.
Competition:
Madison Co is one of the fastest growing areas in AL!
Growth & Expansion:
Currently only 73% occupied, however, at 100% monthly gross would be $7,255/month. Adding UHaul could improve sales. Adding Boat/RV storage on extra 1/2 acre.
Financing:
Seller Financing with 60%+ Down
Support & Training:
Yes
Reason for Selling:
Retirement

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Shannon Cathey

Business Listed By:
Shannon Cathey

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