675 N Jefferson St Houston, MS 38851

Property Details for 675 N Jefferson St

Year built

1987

Lot size

2.50 lot acres

Property size

3,600 SF

Property type

Warehouses

APN

1-069R-32-009.03

APU

1069R3200903

Description

This exceptional self-storage facility in Houston, Mississippi presents a compelling investment opportunity. Located at 675 N Jefferson St, this 14,336 square foot facility boasts 95 units situated on a spacious 2.5-acre lot. The property features a robust security system including new lighting and an automated gate, enhancing both safety and operational efficiency. A significant advantage is the existing remote management system, encompassing a dedicated website and call center for streamlined leasing. This turnkey operation offers immediate income generation and substantial potential for expansion. The current NOI is $56,910, with a pro-forma NOI projected at $66,736, reflecting a 9.50% cap rate and a pro-forma cap rate of 11.14%. The asking price is $599,000, translating to a price per square foot of $41.78. The property is situated in Houston, the county seat of Chickasaw County, Mississippi, a location benefiting from the presence of several top Mississippi companies. This well-maintained facility offers a rare blend of immediate returns and significant long-term growth prospects, making it an attractive investment for discerning buyers. The gross lease structure simplifies management and maximizes profitability. The multi-tenancy aspect further diversifies income streams and mitigates risk. This is a truly exceptional opportunity to acquire a high-performing self-storage asset in a stable and growing market.