3410 Dominion Street
3410 Dominion Street Winston-Salem NC 27105
- Price$395,000
Owner Financing Available for this 209-unit self storage facility. Historic Financials show an Average Yearly Gross Income of $84,504 for the previous Ten Years. Average Monthly Unit Rent is currently $54.55 per unit. Undermarket Rents provide significant opportunity for increased income. A rare find in a growing market. Current occupancy is just over 86%. Unit Mix: 188 units smaller than 10’x10’ and 21 units larger than 10’x10’. This site neighbors Whitaker Park, a 220-acre campus owned by Winston-Salem and Forsyth County; just two miles from Downtown and directly adjacent to Wake Forest University.
Details
Property Information
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Property Type
Investment
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Year Built
1960
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# of Units
209
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Occupancy
+86%
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Average Rental Rates
$54.55/Month
Pricing & Terms
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Price
$395,000
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NOI
$45,438.13
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Cap Rate (Actual)
11.59%
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Comments
Owner Financing Available for this 209-unit self storage facility. Historic Financials show an Average Yearly Gross Income of $84,504 for the previous Ten Years. Average Monthly Unit Rent is currently $54.55 per unit. Undermarket Rents provide significant opportunity for increased income. A rare find in a growing market. Current occupancy is just over 86%. Unit Mix: 188 units smaller than 10’x10’ and 21 units larger than 10’x10’. This site neighbors Whitaker Park, a 220-acre campus owned by Winston-Salem and Forsyth County; just two miles from Downtown and directly adjacent to Wake Forest University.