4 Storage Properties + 2.5 Acres of Land FOR SALE


Eastpoint, FL
$3,550,000 USD
305-890-0430
, Eastpoint, FL for Sale
$3,550,000 USD
FOR SALE
1/14
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4 Storage Properties + 2.5 Acres of Land
Eastpoint, FL


HIGHLIGHTS

  • Net operating income (NOI) of $218,396
  • Robust cash flow offers an investor a strong Cap Rate return | CAP RATE RETURN: 7.28%
  • High demand, competitive pricing, and secure location.
  • Upside potential: Upside through standardizing rents / raising rents to market
  • The site is secured with perimeter fencing & gated entry for enhanced safety.
  • Properties fall within an Opportunity Zone, offering potential tax advantages.

OVERVIEW

**Properties fall within an Opportunity Zone, offering potential tax advantages.** Investment Opportunity Overview This offering includes two recreational storage properties in downtown Eastpoint, Florida, delivering a net operating income (NOI) of $218,396 and a cap rate of 7.28%. Located within an Opportunity Zone, this parcel provides significant tax advantages based on the duration of the investment. Additionally, included in the offering is 2.5 acres of undeveloped land, enhancing the investment’s potential for future development or expansion. 132/142 E 98 + 148 Highway 98 could be sold separately for $2,400,000 Property Details Recreational Storage One (24 & 32 Island Drive): • Enclosed Storage: 10,440 sq. ft. • 16 enclosed units: • 7 units (2016): 18x40 ft with walk-in doors. • 9 units (2024): 15x40 ft, 14 ft height, roll-up doors. • Lot Size: 1.30 acres. Recreational Storage Two (132 & 142 Highway 98): • Enclosed Storage: 9,600 sq. ft. • Covered Storage: 18,720 sq. ft. • 15 enclosed units (16x40 ft, 14 ft height, roll-up doors). • Lot Size: 2.5 acres. Income & Occupancy • 67 total units: • 31 enclosed units (70% rented at $450/month; remaining at $400/month). • 36 covered units rented at $175/month. • Fully occupied, providing a reliable income stream. This opportunity is ideal for investors seeking stable income, long-term tax benefits, and a property with room for future growth.

ASK ABOUT THIS PROPERTY

Gabrielle LevinLevin Investments IncMore Info
305-890-0430

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Gabrielle LevinLevin Investments IncMore Info
305-890-0430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.