102 South Adams Street, Lexington, NE 68850
$360,000
Sold Price
Sold on 7/30/2024
Listing ID |
11259298 |
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Property Type |
Commercial |
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Commercial Type |
Self-Storage |
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County |
Dawson |
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School |
LEXINGTON PUBLIC SCHOOLS |
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Total Tax |
$4,106 |
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Tax ID |
240122968 |
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FEMA Flood Map |
fema.gov/portal |
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Year Built |
1976 |
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SOLD! Smart Choice Storage 55 Units Lexington, NE
SOLD! Closed on 7-30-24. Appraisers contact Listing Broker with any appraisal questions. STORAGE UNITS FOR SALE IN NEBRASKA! All Units Rented in this 55 Unit storage complex under the Adams Street overpass in Lexington, NE! All rents paid via online with direct withdrawal. No late paying tenants. 7.12% NOI. Room for growth on rents! Applications all online. Can be remotely managed if so desired. Units quantity & Size 10 units: 8x5x8 - walkin door $36/month; 8 units: 9x5x11 - roll up door $32.50/month; 10 units: 20x10x8.5 - roll up door 56.10/month; 26 units: 22x12x11 - roll up door 66.27/month; 1 unit: 44x12x11 - with 2 roll up doors. There is Room for growth on rents! In very good condition with hard service drives to most units. Most have rollup doors. Tenants are responsible for their own snow removal. No yard work. Weeds professionally controlled. Very low operating expenses. Very hands off property with current absentee owners. NO Security Camera's. No Finished or heated units. No Water to units. There is electricity to Property. Located in Opportunity Zone but NO room to expand. This is a great Buy Now!! Contact Broker for Income details. This is a very handsoff property and does have an absentee owner and an owner that lives 20 miles away and rarely has to go to property. Very little outdoors expense.
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- 0.53 Acres
- Built in 1976
- 1 Story
- Available 3/29/2024
- Renovation: Excellent condition with repairs done as needed.
- Smart Choice Storage Solutions (Business Name)
- Uses: Large and Small Storage Units
- 7% Cap. Rate
- Gross Income $36,108
- Net Income $26,705
- Total Exp $784
- Paid by Landlord: Struct. Maint.
- $4,106 Total Tax
- Tax Year 2023
- Sold on 7/30/2024
- Sold for $360,000
- Buyer's Agent: Mike Lewis
- Company: Home Real Estate
Listing data is deemed reliable but is NOT guaranteed accurate.
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