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$294,900
New Listing

387 E South Street
Denver Township, MI 49421

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
7,600
SqFt
$39
/SqFt
2002
Built
County:
Newaygo
Call Now: 810-923-9505
Is this the listing for you? We can help make it yours.
810-923-9505
387 E South Street387 E South Street387 E South Street
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Monthly Payment (Est.)

$1,345
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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 opport

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Listing Snapshot
Price 
$294,900
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,600 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.63 Acres
Year Built 
2002
MLS® Number 
65026049631
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoListing first seen on site
16 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.63
Cross Street 
Greenback Street
Foundation 
None
Parking 
Unpaved
SqFt Total 
7600
Utilities 
None
Zoning 
Other
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Exterior Features
Construction Details 
FrameVinyl SidingWood Siding
Roof 
Composition
Community Features
MLS Area 
Area62091DenverTwp
School District 
Hesperia
Financing Terms Available 
CashConventional
Roads 
Paved
Schools
School District
Hesperia
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Keller Williams GR North: [email protected]



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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