Serving Coffey, Lyon, Osage, & Greenwood Counties in Kansas
TWO REvenue STreams
Car wash with five bays
- Three covered self-serve bays with updated equipment
- One covered bay with automated car wash equipment
- One open self-serve bay for larger vehicles
Self-Storage Rental Units
51 storage units
12 year average rental length
10% turnover per year
Learn more about this great investment opportunity!
Great Location - High Traffic Area
Great Location - High Traffic Area
Great Location - High Traffic Area
Great location: This property has a great location on 12th Street in a high traffic area. The property is located within blocks of Emporia State University and thriving downtown Emporia. Emporia Kansas is a great place to invest.
Agent Notes - Two revenue streams
Great Location - High Traffic Area
Great Location - High Traffic Area
Agent notes: Wow! This property is easy to manage with minimal time investment. You could manage this property easily with 5 to 7 hours each week or could outsource property/rental management to a third party to reduce your operational time. Property has two distinct sources of revenue for diversity. Revenue is extremely stable/predictable and should result in a great return on your investment for many years to come.
Security and Surveillance
The surveillance system was installed in 2018 by Kansas Security. There are a total of six cameras that monitor all access points to the car wash with partial coverage for the storage units. The system records footage and offers live viewing via any internet device.
Support Available
The current owner would consider providing one year of technical support and training regarding maintenance on the car wash equipment. Any support arrangements would need to be negotiated and included in the sales contract.
TWO REVENUE STREAMS FOR ADDED REVENUE STABILITY
List Price - $980,000
This asking price includes everything that you need for a solid return on investment.
Sale and Financial Statistics
NOI = $101,101 (less one-time upgrade signage and paint)
Gross car wash income = $149,546
Cap rate = 10.3%
Current Revenue:
This is an ideal property for an investor that wants a steady predictable income stream from two separate revenue sources.
- 51 self-storage units
- Car wash with 5 bays
Great turnkey operation with everything that you need.
Price includes everything that you need to operate and manage this property for maximum return on investment.
Operational upside: The current owner is not focused on increasing rents for storage units. Currently, those rentals have a twelve-year average rental length. There is the possibility of increase rental rates to current market rates to increase revenue.
OTHER PAGES ABOUT This Great investment Property
Property Overview
Property Overview
Property Overview
Car Wash
Property Overview
Property Overview
Storage Units
Property Overview
Investing in Emporia
Investing in Emporia
Investing in Emporia
Investing in Emporia
Property PDF
Investing in Emporia
Property PDF
