Great passive income opportunity!

3232 W Frank Pipp Dr Iron Mountain, MI 49801

3232 W Frank Pipp Dr, Iron Mountain, MI, 49801
3232 W Frank Pipp Dr, Iron Mountain, MI, 49801 3232 W Frank Pipp Dr, Iron Mountain, MI, 49801 3232 W Frank Pipp Dr, Iron Mountain, MI, 49801
FOR SALE
Property Type:
Self Storage
Amount:
$1,800,000
Cap Rate:
0.00%
Last Verified:
Jul 19, 2024

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Great passive income opportunity for the discerning investor! This self-storage business contains two 24,000 sq ft buildings with a total of 156 units in a variety of sizes. Located in a great spot on the edge of town, just off US Hwy 2. Situated on a 4-acre parcel with room to add another storage building. This is a highly successful business with occupancy rates consistently between 94-100%.

Map of 3232 W Frank Pipp Dr, Iron Mountain, MI, 49801

Presented by:
Stephens Real Estate

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Ryan Gordon


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.