3864 Bob White Blvd Pulaski, VA 24301

Property Details for 3864 Bob White Blvd

Year built

1958

Lot size

1.92 lot acres

Property type

Commercial real estate

Description

This exceptional Pulaski, VA commercial property presents a lucrative investment opportunity. Situated on a nearly two-acre lot at 3864 Bob White Boulevard, this property boasts five fully leased apartments generating $5,550 in monthly income. Adding to the strong cash flow are two brand new climate-controlled storage units, each with 18 units, currently bringing in $3,825 monthly (with potential for $4,500). One storage unit is 90% occupied, and the other is 80% occupied. The property's strategic location near industrial sites and residential areas ensures high demand and occupancy rates. Further enhancing its investment potential, the property has already received approval for an additional 250 storage units, significantly increasing future income streams. The existing infrastructure and ample land provide a solid foundation for expansion and growth. This property offers a compelling combination of immediate income generation and significant long-term growth potential, making it an ideal investment for discerning buyers seeking a high return on investment. Access to the rear of the property is provided via a convenient access road. The current net ROI is approximately 10% or more, and the seller is motivated.