0Jonestown, TX 78645

Property Details

Property size (Sq ft)

6,192 SF

Property type

Self storage facilities

Description

This 6,192 square foot self-storage facility in Jonestown, Texas, presents a compelling value-add investment opportunity. Priced at $634,900, it boasts a pro-forma cap rate of 5.97% and a pro-forma NOI of $37,922. Currently featuring 24 units, the property offers significant upside potential through rent increases—rents are currently low and readily increasable. The facility includes 22 outdoor parking spaces, currently only 7 of which are utilized, providing additional revenue streams. Its prime location on a high-traffic road outside a growing community ensures excellent visibility and accessibility. A key-pad automatic gate enhances security. The previous owner's limited advertising efforts further suggest untapped market potential. The property's large units are well-suited for in-demand boat storage. A key advantage is the ability to construct additional storage facilities on the site, expanding capacity and significantly increasing profitability. This turnkey operation offers immediate revenue generation and substantial long-term growth prospects. The property is located at 18803 RM 1431, Jonestown, TX 78645, in Travis County. The lease type is gross, and the tenancy is multi.

Location Insight

City

Jonestown

County

Travis

State

Texas

Latitude

30.4851

Longitude

-97.9298

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