8151 160Th St Trenton, FL 32693

This exceptional investment opportunity presents a portfolio of four self-storage facilities strategically located in Trenton and Chiefland, Florida. The portfolio comprises a total of 202 units across four buildings, encompassing 28,471 square feet on a 7.28-acre lot. Built between 1984 and 2007, these properties offer a compelling value-add proposition. Currently operating at an 87% occupancy rate, the portfolio generates a substantial Net Operating Income (NOI) of $227,425, representing a 6.15% capitalization rate. The asking price is $3,700,000, translating to $129.96 per square foot and $18,316.83 per unit. The lease type is gross, and the tenancy is multi. Recent improvements include enhanced signage, optimized Google Maps and Google Reviews presence, rent increases, and the auctioning/clearing of abandoned and delinquent units. Furthermore, the implementation of electronic contracts and auto-pay systems has streamlined operations and minimized cash handling. This portfolio offers a strong foundation for continued growth and profitability through remote management capabilities. The properties are located at: 8151 NW 160th St, 1643 SW SR 26, 1606 E Wade St, all in Trenton, FL 32693, and 6851 NW 135th Ln #2223 in Chiefland, FL 32626.