Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago,

User Stats

37
Posts
7
Votes
Hung Trieu
  • Investor
  • Houston, TX
7
Votes |
37
Posts

Self Storage need advice

Hung Trieu
  • Investor
  • Houston, TX
Posted

I am looking for buying someone problem , the self storage (location Houston , TX) seat on lot of 4 buildings 4300 SF (land 22,870 SF) around 70 units build 1998,
the appraisal value (from HCAD web site) 192k
have been vacant more than 5 yrs , need major rehab all units no doors , can't be expanded no more room.
Total population 31,295
Female population 16485 (52.7%)
Male population 14810 (47.3%)
Households 10792 (occupied 87.2%)
Home owners 4100 (43.6%)
Renters 5311 (56.4%)
Average number of people per household 3.32
Household Income Levels
$150,000 or More 244 (3%)
$30,000 to $74,999 3,934 (45%)
Less than $30,000 3,211 (37%)
$75,000 to $149,999 1,299 (15%)
in 5 miles radius had cubemart self storage with 300 units and public self storage 400 units.
My question is how much I will offer to buy ? potential to make money with this self storage ?

Loading replies...