2682 Harper Rd Corinth, MS 38834-9268

Property Details for 2682 Harper Rd

Year built

2003

Lot size

3.37 lot acres

Property size

11,474 SF

Property type

Retail residential properties

APN

080613 00208

APU

8061300208

Description

This exceptional self-storage facility in Corinth, Mississippi presents a compelling value-add investment opportunity. Priced at $3,500,000, this 58,050-square-foot property boasts a 5.12% cap rate and 100% occupancy, generating a strong net operating income of $179,178. Comprising 11 single-story buildings constructed in 2000 and 2022, the facility includes 285 units, including 273 non-climate-controlled units and 12 warehouse spaces. Significant upside potential exists through improved management practices, including implementing management software, creating a website for online rentals, raising below-market rental rates, and introducing a tenant insurance program. The property's location on heavily trafficked S Harper Rd (7,800 cars/day), near major retailers like Walmart, Lowe's, and Hobby Lobby, ensures high visibility and accessibility. Situated within an Opportunity Zone, this asset offers a strategic combination of immediate cash flow and long-term growth prospects. The property's APN is 08061300214 // 08061300205 // 08061300304 // 08061300215. Seller financing is available with a 30-35% down payment, a 5-year interest-only term, and a 5% interest rate. This is a rare opportunity to acquire a well-located, high-performing self-storage facility with substantial room for operational improvements and increased profitability.