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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.

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Details

Property Information

  • Property Type
    Investment
  • Year Built
    1960
  • # of Units
    209
  • Occupancy
    +86%
  • Average Rental Rates
    $54.55/Month

Pricing & Terms

  • Price
    $395,000
  • NOI
    $45,438.13
  • Cap Rate (Actual)
    11.59%
  • 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.

Property Documents

Aerial Map