Description
Exceptional investment opportunity featuring a well-established storage complex with strong occupancy & consistent income history, currently offering a strong 7% cap rate, paired with a well-maintained single-family residence built in 2006. Existing county-recognized legacy non-conforming storage use. The property offers a total of 243 rentable units, including 159 indoor units & 84 outdoor spaces, with additional potential to increase unit count through reconfiguration. Situated on approximately 8.5 acres, the property provides ample room for expansion. The improvements have been well-maintained & updated over time. The on-site residence has also seen significant recent upgrades, including a new roof and exterior paint in 2025, along with substantial interior flooring updates completed in 2025–2026, making it ideal for an owner/operator or supplemental rental income. Strong tenant history, high occupancy levels, and ongoing capital improvements make this a turnkey asset for investors seeking both reliability and growth.
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0BEDS
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8.55ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Listing courtesy of Northwest MLS as distributed by MLS GRID. Listing courtesy of Windermere RE Whatcom, Inc..
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Description
Exceptional investment opportunity featuring a well-established storage complex with strong occupancy & consistent income history, currently offering a strong 7% cap rate, paired with a well-maintained single-family residence built in 2006. Existing county-recognized legacy non-conforming storage use. The property offers a total of 243 rentable units, including 159 indoor units & 84 outdoor spaces, with additional potential to increase unit count through reconfiguration. Situated on approximately 8.5 acres, the property provides ample room for expansion. The improvements have been well-maintained & updated over time. The on-site residence has also seen significant recent upgrades, including a new roof and exterior paint in 2025, along with substantial interior flooring updates completed in 2025–2026, making it ideal for an owner/operator or supplemental rental income. Strong tenant history, high occupancy levels, and ongoing capital improvements make this a turnkey asset for investors seeking both reliability and growth.
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