Overview
Lynn Haven Condo Storage Units
This is an opportunity to acquire a 4-unit condo storage portfolio in Lynn Haven, Florida. These individually deeded storage units are located within a professionally operated self-storage facility. Each unit is subject to a lease-back agreement with the operator, creating passive income with zero landlord responsibilities. The operator manages leasing, maintenance, insurance, property taxes, and assumes vacancy risk, making this a fully passive investment. The total price for the portfolio is $107,085, with a total annual net income of $7,495.95, representing a 7% net return. Payments are made quarterly. Ownership is fee simple, with individually deeded units. The portfolio includes: Unit 28, a 200 SF unit priced at $38,940 with an annual income of $2,725.80; Unit 37, a 100 SF unit priced at $19,470 with an annual income of $1,362.90; Unit 142, a 150 SF unit priced at $29,205 with an annual income of $2,044.35; and Unit 199, a 100 SF unit priced at $19,470 with an annual income of $1,362.90. Condo storage units serve private individuals and businesses that require secure, dedicated storage space for personal belongings, inventory, equipment, or records. This structure allows investors to receive passive income without handling tenants, maintenance, property taxes, or operational expenses. The self-storage industry has been part of the U.S. real estate market for more than 50 years and is widely recognized as one of the most resilient asset classes. Seller prefers portfolio sale, however, units may be sold individually.