175 Railroad AveMurphy, NC 28906

Property Details for 175 Railroad Ave

Lot size

2.90 AC

Property type

Self storage facilities

Description

This exceptional self-storage facility in Murphy, North Carolina, presents a compelling investment opportunity. Located at 175 Railroad Ave, 28906, Cherokee County, this property boasts 45 units situated on a substantial 2.9-acre lot. The current Net Operating Income (NOI) stands at $30,000, yielding a 3.00% capitalization rate. The asking price for this turnkey operation is $1,000,000, translating to approximately $22,222 per unit. The facility currently has a waiting list, indicating strong market demand and significant potential for increased revenue. Furthermore, the property includes over 100,000 square feet of space ready for expansion, allowing for the addition of more units to capitalize on the existing waiting list and the growing population. Two acres of the property are specifically designated for expansion. The low actual expense ratio contributes to the property's strong financial performance. This is a rare opportunity to acquire a well-established, high-demand self-storage facility with significant upside potential in a thriving market. The property's location in Murphy, NC offers easy access to major transportation routes and a growing residential population. This is an ideal investment for those seeking a stable, high-return asset with immediate cash flow and significant future growth prospects.

Location Insight

City

Murphy

County

Cherokee

State

North Carolina

Latitude

34.99

Longitude

-84.1696

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].