Marvin St Bly, OR 97622

Property Details for Marvin St

Year built

2023

Lot size

0.43 lot acres

Property type

Commercial real estate

Description

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.

Location Insight

City

Bly

County

Klamath

State

Oregon

Longitude

-121.042

Latitude

42.3977