For those of you looking to get into self storage, here is an easy lift for you.
We are offering our South Vicksburg Self Storage portfolio for sale. This portfolio consists of 2 locations in Vicksburg MS that are remote managed and have plenty of upside.
1055 Fisher Ferry Rd consists of 48 units for a total of 7500 sq ft AND and 1999 double wide manufactured home that is currently rented for $950/mth. This location is fully stabilized and bring in about $5000 a month and stays at over 90% occupancy with current occupancy at 98%.
89 Hullum Rd is about 3 miles away. This location was purchased about 24 months ago with an occupancy of 20%. We cleaned up the location, painted and currently have brought occupancy to 55%. Currently this location averages about $2000 a month with the upside of about $3500. This location is made up of 78 units for a total sq footage of about 5300 sq ft.
Both locations are run remotely with a local rep that services the locations once a month for $400/mth and we have active call centers that handle all incoming and outgoing calls for rentals and tenant communication, although that is probably not needed based on the monthly call flow.
Both locations have been painted, have cameras and are great first time facilities or would be a great addition to your real estate portfolio.
Current income is just over $7000 a month gross and we are on track to hitting about $88-90k this year. 2024 income was just over $75,000
With interest rates on the way down this year, all commercial assets will start increasing in value. Jump on this opportunity today and secure a great profit down the road.
Please call or email with any questions. I am the owner and own 4 locations in total and would be happy to answer any questions.