16,000 Square foot self storage facility

Lot Size 125X163

Taxes 23088

 

 

2 buildings ( one has 3000 square feet of storage and 3000 square feet of office space, the other has 10,000 square feet of storage)

Income $114,000 including Uhaul rentals (based on 50% occupancy)

Insurance $3000

Electric $3600

 

The income is not significant because the business is not being actively managed. You’ll have to consider if the building will be profitable for your intended use. The owners are not in the storage business and they are making just enough money to pay the taxes with a small profit.