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North Enid Suds and Storage

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Address: 4301 N 4th St, Enid, OK 73701, USA

Texas + Apartment Buildings

Created date: September 20, 2024

Date last updated: September 20, 2024

ESS Management Software
Online Bill Pay & Rentals
Car Wash Income
New Car Wash Payment Machines
Boots on the Ground
Nearly 4,000 Vehicles Per Day
Recent Rent Increases
Drive Up Storage Units
9th Largest City in Oklahoma
6 Security Cameras

Property Description

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$275,000
No. of Units:	21
Average Occupancy:	6.08
Lot Size:	8.00 Sq ft
Opportunity Zone:	No
Price per unit:	$13,095
Property Website	Click Here