0000 Middle Coaling Rd Coaling, AL 35453
- Investment properties
- 1.01 lot acres
Current Use by Public Records
- Investment properties
Property Details for 0000 Middle Coaling Rd
- Lot size
- 1.01 lot acres
- Property type
- Investment properties
Description
This exceptional investment opportunity presents a 59-unit mini-storage facility situated on a 1.01-acre lot in Coaling, Alabama. Currently boasting a 10% capitalization rate based on existing income, this property offers significant potential for increased profitability. The facility comprises a diverse mix of unit sizes, including forty 10x10 units, twelve 5x10 units, and seven larger 10x20 units, catering to a wide range of storage needs. A key advantage lies in the opportunity to enhance returns through strategic lease-up of vacant units and the implementation of a phased rent increase plan. Existing rents are considered "grandfathered," allowing for adjustments to market rates, potentially boosting the capitalization rate to 12%. Detailed financial information, including a profit and loss statement and a comprehensive rent roll, will be provided to qualified buyers during the due diligence phase. This well-located mini-storage facility presents a compelling investment prospect for those seeking strong cash flow and substantial upside potential in the Alabama market. The property's size and unit diversity make it an attractive option for both seasoned investors and those new to the self-storage sector. The potential for increased profitability through lease-up and rent adjustments makes this a truly compelling investment opportunity.
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
- Coaling
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.3434
- Latitude
- 33.1725
