Marvin St Bly, OR 97622
This exceptional investment opportunity presents a newly constructed storage facility in Bly, Oregon, situated on a 0.43-acre lot. Currently operational, the facility boasts 18 completed storage units, generating substantial rental income. Twelve larger units command a monthly rent of $70 each, while six smaller units rent for $40 per month. There's significant upside potential for rental increases. Construction is underway on an additional 18 units, further expanding the revenue stream. The property also includes over ten parking spaces, each leasing for $50 per month. This provides additional income and the potential for further expansion. The existing infrastructure offers the possibility of developing additional office or residential space for on-site management, enhancing operational efficiency and potentially increasing property value. The asking price of $225,000 represents a compelling investment opportunity in a growing market. This turnkey operation offers immediate cash flow and substantial long-term growth prospects. The property's strategic location and the high demand for storage solutions in the area make this a truly attractive proposition for savvy investors seeking a profitable venture with significant upside. The current rental income provides a strong foundation for a positive return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.