1241 50Th Ave Gainesville, FL 32609

This stabilized self-storage facility in Gainesville, Florida presents a compelling investment opportunity. The 11,980 square foot property, built in 2005 and renovated in 2006, sits on a one-acre lot and boasts 85 units: 28 climate-controlled and 57 standard units. The property offers significant upside potential through rent standardization and increases to market value. Further expansion is possible, with plans to add four 10' x 20' units. The property's strong performance is reflected in its 6.73% cap rate and $14,117.65 price per unit. The net rentable square footage is 6,760 square feet. The property is conveniently located near major retailers, hotels, The University of Florida (approximately 4 miles), and Gainesville Regional Airport (approximately 5 miles). Seller financing is available with a 5% interest-only option. This presents a unique opportunity to acquire a well-positioned asset in a growing market with substantial room for value enhancement. The property's location in Gainesville, the county seat of Alachua County and home to the University of Florida, ensures a stable and expanding tenant base. Gainesville's vibrant culture, including numerous parks and recreational opportunities, further enhances the property's appeal. This is a value-add investment with excellent potential for long-term growth and profitability. The property's APN is 07966-011-000. The asking price is $1,200,000.