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Jim, Christy & Crystal Owen

jimo@c21bradley.com +1(260) 348-4500

Listed by Beth Meeks • Meeks Real Estate Inc. • Cell: 812-291-4000

$ 125,000

Est. payment | -/mo

6,185 Sqft Lot

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$ 125,000

Est. payment | -/mo

Save Virtual Tour

6,185 Sqft Lot

Key Details

Property Type Commercial

Sub Type Other/Unknown

Listing Status Active

Purchase Type For Sale

Subdivision Fox Ridge Links

MLS Listing ID 202622466

Year Built 2009

Annual Tax Amount $1,260

Lot Size 6,185 Sqft

Property Sub-Type Other/Unknown

Property Description

This well-maintained five-unit storage building offers a solid income-producing opportunity within the established Fox Ridge community. Each unit contains approximately 312 square feet, providing versatile storage solutions for tenants or personal use. The property currently demonstrates strong occupancy, with four of the five units in use. Two units are secured under one-year leases paid in advance, while one unit is leased on a month-to-month basis, offering both stability and flexibility in rental income. One unit is presently vacant, allowing opportunity for immediate additional revenue or owner use. The building generates consistent rental income, with units renting for $170 per month, equating to $2,040 annually per leased unit. Operating expenses are predictable and manageable. Association dues are $900 annually, billed quarterly. Additional costs include building shell insurance and utilities, with property taxes paid current. The storage building is governed by the Fox Ridge Condominium Association declarations and by-laws, ensuring uniform standards for maintenance and operation. Notably, the property operates independently without affiliation to Lakeview One, LLC and is not subject to LVO dues or assessments. This property presents a low-maintenance investment with reliable cash flow potential, ideal for investors seeking stable income or an owner-user needing secure storage space with supplemental rental income.

Location

State IN

County Knox County

Area Knox County

Direction North on 6th St. Right on Old Wheatland Road, continue onto Bruceville Road. Turn right onto Hillcrest Rd. .2 miles to Fox Ridge Drive.

Interior

Flooring Concrete

Appliance Building

Laundry , 5

Exterior

Roof Type Asphalt

Total Parking Spaces 5

Building

Story 1

New Construction No

Others

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Jim, Christy & Crystal Owen

Realtor® - Managing Broker Certified | Lic# RB-19000314,21000119,26000845

jimo@c21bradley.com

+1(260) 348-4500

2928 East Dupont Rd, Fort Wayne 46825

1114 N Fox Ridge Links Drive Vincennes, IN 47591

Jim, Christy & Crystal Owen

Key Details

Location

Interior

Exterior

Building

Others

1114 N Fox Ridge Links Drive