realsimpli

$294,900

Active

387 E South Street, Hesperia, MI 49421

0 baths

Lot
0.63 acres
Built
2002
Type
Retail
On market
0 days
DescriptionShow

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 opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.

Facts & features

Interior3
Bathrooms
0
Full baths
0
Stories
1
Heating, cooling & utilities4
Heating
None
Water source
None
Sewer
None
Utilities
None
Exterior & construction4
Lot size
0.63 acres
Construction
Vinyl Siding
Roof
Composition
Year built
2002
Property details7
Type
OTHER
Sub-type
Retail
County
Newaygo
Parcel #
09-30-300-022 *SUBJECT TO VILLAGE APPROVAL
Days on market
0
MLS #
26049631
Status
Active

District: Hesperia

No individual schools were listed for this home.

Assigned schools as entered by the listing agent. Attendance boundaries change — confirm with the district before relying on this.

DocumentsShow

Documents provided through the MLS where permitted for public display.

Price & tax historyShow
  1. No recorded history for this property.

Listing courtesy of Keller Williams GR North · Tammy Jo Budzynski

616-287-3162 · tammyjo@tjhomes.com

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