Description

Elmira - MLS# 1947769
Investment Opportunity with Room to Grow! Newly constructed 20-unit self-storage facility offering immediate income and outstanding upside potential. Currently operating with 20 storage units and approximately 50% occupancy, this property is already generating income through word-of-mouth referrals alone, with no formal marketing efforts. This presents a significant opportunity for an investor to through even basic marketing and online exposure. The site has ample room for expansion, with the potential to add an additional 30’ × 100’ storage building, increasing the facility from 20 units to approximately 40 units, subject to any applicable approvals. Located in an unzoned township, the property offers added flexibility for future development. Whether you’re looking to expand your investment portfolio or enter the self-storage industry, this property offers the ideal combination of current income, value-add potential, and future growth. Highlights: Newly constructed 20-unit self-storage facility Approximately 50% occupied with immediate income Strong value-add opportunity Room to construct an additional 30’ × 100’ building Potential to expand to approximately 40 total units (subject to approvals) Low-maintenance investment with excellent long-term upside Located in an un-zoned area offering development flexibility A rare opportunity to own a growing self-storage investment with expansion potential in Northern Michigan.