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4301 4th - North Enid Suds and Storage 3,495 SF Specialty Building Offered at $275,000 at a 6.08% Cap Rate in Enid, OK 73701
INVESTMENT HIGHLIGHTS
- ESS Management Software
- Car Wash Income
- 6 Security Cameras
- Online Bill Pay & Rentals
- New Car Wash Payment Machines
- Recent Rent Increases
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $275,000 | Property Subtype | Self-Storage |
| Price Per SF | $78.68 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,495 SF |
| Cap Rate | 6.08% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1978 |
| Property Type | Specialty | Cross Streets | Colorado |
| Zoning | C3 - Retail Trade | ||
| Price | $275,000 |
| Price Per SF | $78.68 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 0.19 AC |
| Building Size | 3,495 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Cross Streets | Colorado |
| Zoning | C3 - Retail Trade |
ABOUT 4301 4TH , ENID, OK 73701
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me". The Calvary Realty National Storage Group is excited to present a "Value Add" investment opportunity in Enid, OK. Enid is the 9th largest city in Oklahoma, strategically located 100 miles northwest of Oklahoma City and 115 miles east of Tulsa. North Enid Suds and Storage features a single-story layout, encompassing a 2,200 square foot self-storage facility with 21 enclosed units and a 1,245 square foot car wash that includes 3 covered wash bays and 2 open vacuum bays. The property spans an 8,407 square foot lot and was originally constructed in 1978. Financial Highlights: • Car Wash Revenue: Approximately $1,100 per month. The car wash and vacuum machines have been recently upgraded to accept credit card payments. • Storage Revenue: Generates $1,250 per month. Despite a temporary drop in occupancy due to recent rent adjustments, year-over-year revenue has increased. Further revenue growth is anticipated with the implementation of tenant insurance on September 1st, 2024. Management: The property benefits from a local, on-the-ground manager who is compensated $50 per week to assist with on-site operations. This is an excellent opportunity to own an automated, cash-flowing business in a key metropolitan area of Oklahoma.
PROPERTY TAXES
| Parcel Number | 6550-00-031-013-0-112-00 | Improvements Assessment | $18,907 |
| Land Assessment | $1,103 | Total Assessment | $20,010 |
PROPERTY TAXES
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4301 4th - North Enid Suds and Storage
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