1234 Un Ave Montpelier, ID 83254
- Investment properties
- 4.62 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1234 Un Ave
- Year built
- 2018
- Lot size
- 4.62 lot acres
- Property type
- Investment properties
Description
This exceptional investment opportunity presents a 123-unit self-storage facility situated on a substantial 4.62-acre lot in Montpelier, Idaho. Conveniently located off Highway 89, this property offers significant upside potential. The existing facility boasts 123 individual storage units, generating consistent rental income. Importantly, rental rates have remained stable for the past four years, presenting a clear opportunity to increase profitability by adjusting rates to reflect current market values. Beyond the existing infrastructure, there's an additional approximately 2.75 acres available for future development. This expansion potential is further enhanced by the presence of public water and sewer lines directly adjacent to the property, simplifying any future construction projects. This turnkey operation provides a solid foundation for immediate income generation and long-term growth, making it an attractive investment for savvy buyers seeking a stable and appreciating asset in a desirable location. The property's strategic location and substantial land holdings offer a unique blend of immediate return and future development possibilities. This is a rare chance to acquire a well-established business with significant room for expansion and increased revenue. The existing unit occupancy and stable rental history provide a strong base for future financial projections.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montpelier
- County
- Bear Lake County
- State
- Idaho
- Longitude
- -111.316
- Latitude
- 42.3117
