Current Use by Public Records
- Self storage facilities
Property Details for 847 Toy Storage St
- Year built
- 2023
- Property type
- Self storage facilities
Description
This exceptional 2023-built self-storage facility in Billings, Montana presents a lucrative investment opportunity. The property, located at 847 West Toy Storage street, 59106, encompasses a 10,410 square foot lot and features a single, one-story building totaling 4,320 square feet of net rentable space. The building houses three independent units, each measuring 24 feet by 60 feet, offering ample space for various uses. Each unit boasts 16-foot side walls, providing generous vertical storage capacity. Modern amenities include full insulation, energy-efficient LED lighting, electrical receptacles, and a 14' x 14' overhead door for convenient access. While a gas-forced air heater is not yet installed, the infrastructure is in place. Currently, comparable units in the area command approximately $750 per month in rental income, suggesting strong potential for positive cash flow. The property benefits from easy access via King Ave. An annual HOA fee of $400 is in place. The asking price is $400,000, translating to $92.59 per square foot and $133,333.33 per unit. This represents a compelling opportunity for investors seeking a high-return, low-maintenance asset in a desirable Montana location. The property's new construction and modern features ensure long-term value and appeal to a wide range of tenants.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Billings
- County
- Yellowstone
- State
- Montana
- Longitude
- -108.729
- Latitude
- 45.7541
