202 Main StArchie, MO 64725

Property Details for 202 Main St

Year built

1997

Property type

Self storage facilities

Description

Exceptional investment opportunity in Archie, Missouri! This well-maintained self-storage facility at 202 & 203 S. Main St., boasts 72 units across three buildings, offering a compelling value-add proposition. Built in 1997 and renovated in 2004, the property enjoys solid construction and is currently 85% occupied, generating a substantial net operating income (NOI) of $28,320, representing an attractive 8.71% cap rate. The asking price is $325,000, or $4,514 per unit. The unit mix includes 52 large units averaging $50 per month, 18 smaller units at $30 per month, and 2 extra-large units renting for $100 per month. This translates to a gross annual income of $40,080. Conveniently located near Highway 49, providing easy access from Kansas City and Harrisonville, this facility caters to a diverse clientele, including those storing vehicles, equipment, antiques, and household goods during moves. The current owner, who originally built the facility, has established a strong foundation for continued success and growth. This presents a rare chance to acquire a profitable, well-positioned self-storage asset with significant upside potential. The property is situated in Cass County, Missouri, zip code 64725.

Location Insight

City

Archie

County

Cass

State

Missouri

Latitude

38.4826

Longitude

-94.3542

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