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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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387 E South St , Hesperia, MI 49421
$294,900
Est. Payment: $655.33/mo
0 Bed
0 Bath
7600 Sqft
Status: Active | Days on site: 0
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House Description

Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into .... (See Supplement Remarks) Simple. Low Maintenance. Income Producing. Here's an investment opportunity that gets back to the basics! This Hesperia commercial storage property features 38 individual storage units, each measuring approximately 10' x 20', with a current rental rate of $70 per month per unit. The property is currently fully occupied, with the owner utilizing two of the units, creating the potential for additional rental income in the future. Why invest in rental homes that can come with furnaces, plumbing problems, broken windows, leaking basements, costly turnovers, and constant repairs? Storage keeps it simple. No heat, no residential tenants, and fewer major systems to maintain or replace. With 36 units currently generating rental income, the property produces approximately $2,520 per month / $30,240 annually in gross rental income, with the two owner-occupied units offering additional income potential if placed into the rental pool. Whether you're an experienced investor looking to expand your portfolio or searching for a straightforward entry into commercial real estate, this is an opportunity to own an established, income-producing storage facility with demand already in place. Skip the complexity. Own the space. Collect the rent.

Highlights

Listed by Tammy Jo Budzynski , 616-287-3162 Keller Williams GR North , 616-447-9100.

Property Type

Commercial Sale

Lot/Acreage
0.63

Year Built

2002

County

Newaygo

School District

Hesperia

Listing ID

26049631

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:0

Exterior Features

Roof:Composition
Principal Interest
$655
Taxes
$188

Home Price

$294,900

Loan Details

30 yrs
%

Down Payment

20%
$58,980
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Monthly Price:
$655.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $655.33 $188.00 $0.00 $843.33
Yearly $7,864.00 $2,255.99 $0.00 $10,119.99
Total $235,920.00 $67,679.55 $0.00 $303,599.55

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Hesperia, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.