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Address
Asking Price
Robina's Mini Storage
13520 U.S. 231
Union Grove, AL
Lot Size:3.45Acres
Robina's Mini Storage is located in on U.S. HWY 231 in Union Grove, a city within the Huntsville-Decatur Combined Statistical Area. The facility is located on a main thoroughfare running between Huntsville and Arab and has great visibility from the roadway. Robina's Mini Storage is a 66-unit, 8940 NRSF facility located in Union Grove, Alabama. There are multiple income streams with this property including self storage rental, a single family rental home and two 1500 sq.ft. leased auto maintenance garages. There is additional warehouse space which is currently being utilized as a rental office, hair salon and rental space. There is ample opportunity to add value through additional rental of this space. The self storage facility represents a value-add opportunity as rents and occupancy are currently below market and space exists to add additional units. The owner is currently operating a salon in the retail space attached to the office and would consider leasing the space from the new owner. The single family rental home is a 1622 sq.ft. 3 bed/2 bath house. The house is qualified for section 8 and is currently rented below the max allowable rental rate. The owner has recently renovated the house to include new HVAC, new flooring, new back door and new paint. The current owner isn't actively pursuing the self storage business. Based on a very conservative 75% occupancy, the Net Operating Income is over $45,000. Before the owner's husband passed away, the facility was typically 95%+ occupied.
$350,000
13520 U.S. 231
Union Grove, AL
Lot Size:5.18Acres
$5,303
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Union Grove does not have any spaces available for lease. 2 buildings are available for sale.
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