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River City Self Storage

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Address: 3383 Freys Hill Rd, Louisville, KY 40241, USA

Atlanta & Southeast + Apartment Buildings

Created date: July 4, 2024

Date last updated: September 20, 2024

Converted in 2018
All Climate Control Units
High Traffic Area
Signalized Intersection
Proximity to National Retail Chains
Creative Financing
4.8 Customer Rating on Goggle
Adjacent to Residential

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."
River City Self Storage, located at 3383 Freys Hill Rd, Louisville, KY 40241, presents an excellent investment opportunity in the vibrant Louisville/Jefferson County Metropolitan Statistical Area, which boasts a population of over 1.3 million residents. This property consists of 35,164 enclosed square feet of climate control storage divided into 329 units; as well as 2 vehicle parking spaces. Originally constructed in 1992 and later converted in 2018, River City Self Storage features a modern design with metal and steel construction, offering a durable and secure storage environment. The property comprises a single building spanning two stories, strategically situated near the intersection of Freys Hill Rd and Interstate 265, ensuring high visibility and accessibility within a bustling traffic area. With a commendable physical occupancy rate of 92%, River City Self Storage benefits from its proximity to major retail establishments and residential neighborhoods, providing a steady demand for storage services. The property also enjoys a 4.8-star customer rating on Google, reflecting its excellent service and management quality.Notable attributes of this investment opportunity include climate-controlled storage options, expansion potential, and the availability of creative financing solutions, enhancing the property's income-generating capabilities and future growth prospects. The signalized intersection nearby further enhances accessibility and exposure to potential customers.This property represents a compelling investment choice with established occupancy, favorable customer ratings, and promising expansion opportunities in a strategic location. Interested investors can explore further details about River City Self Storage and its investment potential.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$6,500,000
No. of Units:	331
Average Occupancy:	5.14
Lot Size:	35,164.00 Sq ft
Opportunity Zone:	No
Price per unit:	$19,637
Property Website	Click Here