200 unit self-storage facility

[Bill Couture]

Investment Info:

Large multi-family (5+ units) commercial investment investment in Putnam.

Purchase price: $2,100,000
Cash invested: $50,000

200 unit self-storage facility, 6 commercial office units and 3 apartments located in a refurbished textile mill. My wife and I have a lease purchase agreement with an option to purchase at year 10. Seller will hold a note at year 10 until year 20 when we refinance into a commercial mortgage. Value-add opportunity with ability to increase rents and improve utility efficiencies.