23005 Nc-33Aurora, NC 27806

This 7,800 square foot self-storage facility in Aurora, North Carolina, presents a compelling investment opportunity. The property boasts 63 non-climate-controlled drive-up units, currently operating at 60% occupancy, generating a strong NOI of $26,033 and a 7.44% cap rate. The asking price is $350,000. Situated on a 1.82-acre lot at 23005 NC-33, Aurora, NC 27806, this Class C multi-tenancy property offers significant upside potential. Recently added outdoor storage for boats and RVs, currently at 90% vacancy, provides an immediate avenue for increased revenue. The property benefits from existing local management handling all on-site needs, including landscaping, allowing for absentee ownership. Aurora's economic growth, fueled by a phosphate mine, new employers, a developing industrial park, a new subdivision, and planned college campus, ensures a robust and expanding market for self-storage services. This property is an excellent opportunity for investors seeking a strong return in a rapidly developing area. The three existing buildings provide a solid foundation for future expansion and value enhancement.