Looking for a passive income money-maker? This is 5 storage buildings located off the busiest road in Naples!! Gated HOA takes care of all maintenance such as lawn care and electric. Exclusively for the Tenants inside the Condo complex as well as Laurel Lakes next door.! Currently 69% occupied and performing about a 6.3% cap. Potential for 8/9 cap with proper marketing and incentives to lease vacant units. Able to convert 2 smaller 6x12s and a 12x12 into a large, 12x24 to hold cars or small boats and charge higher rates! No running water or A/C units at this facility. Website, client list, security deposits and owners storage all convey with sale. No storefront or employees needed! Rent Roll, Income statement, Survey are available! PRICED BELOW 2023 $1.15ML
8243 Key Royal Cir, Naples, FL, 34119
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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