Self Storage Details

  • Number of Storage Units: 50
  • Acreage: 1 acre(s)
  • Listing ID: 299270
  • Posted On: Oct 9, 2012
  • Updated On: Nov 15, 2012

Description

There are three buildings on 1.1 acres adjoining the city limits of Bolivar, Mo. They are on the south side of Bolivar in an area that has been rapidly developing over the past few years. Excellent location! The first units were built in 1995 and the second ones in 2001. The property has water, sewer and electricity. One of the units is 20x24 with a bathroom, and an overhead door opener. This unit has never been rented, just used by me. There is room for more units or outside storage. The entire property is fenced and locked at night. All have concrete floors with footings. The parking lot is deep white gravel. I financed them and had them paid for in less than 10 years. I am now 60 and it's time to let them go. There are 40 units that are 10x20, 2-20x24, 3-12x24, 4-6x12, 1-8x12, and the bathroom is 8x12. They are on blacktop 200 feet off of the Main Business Route. The population for Bolivar, Mo. is a little over 11,000. It is a College town.

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Financial Information

Gross Income: $24
Operating Expense: $4
Expense Ratio: 16.7 %