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All Forum Posts by: Alex Anderson

Alex Anderson has started 12 posts and replied 120 times.

Post: Jingle Bells: Tenant Christmas Gift Ideas

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

I write a card and give a basket of clementines and Ferrero Rocher. My landlord did that and I really enjoyed it so now I do the same thing

hi @Jeff Grover 

there is a current offer pending. Will update on the status of this offer.

Alex

great talking with you the other day @Matt Heath looking forward to meeting you on the 20th!

This opportunity is rare.  One of the best buys on the market. Quality tenants.

Gross monthly income of $4,425.00! Gross annual rents $53,100.00!

Contact Alex Anderson for more information. 414-232-7276

Post: Mini-Storage Unit Analysis

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

thank you @Daniel Miller on the listing sheet it says the building size is +/- 11,000 SF with a lot size of +/- 0.85 Ac. You're right dan, currently the units are 86% occupied, however after looking at the rent roll, it's apparent that some of the units were recently rented, most likely to boost those figures.

I'm still going to do my digging and research before doing anything.

Post: Mini-Storage Unit Analysis

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

@Brie Schmidtthank you for the article! i'll check it out :) 

@Karen M.  that would be great. I'm looking for insight on what i should be looking for ect.

Post: Mini-Storage Unit Analysis

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

@Joe Fairless  thanks for being honest! I do have a lead on an 8-unit building on the wauwatosa/milwaukee border. The owners will be getting back to me in a few weeks.

Post: Mini-Storage Unit Analysis

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

forgot to mention the property is in Milwaukee

Post: Mini-Storage Unit Analysis

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

Hey Guys!

I'm looking for some assistance in how you would analyze storage units. I am looking into purchasing a mini-storage unit in my local area and this will be my first segue into Commercial investing. I currently own residential investments.

Purchase Price: $459.000

# of units: 76

Annual Income $49,000.00
Vacancy Factor (7%) $3,430.00
Adjusted Income $45,570.00
Management Fee (5%) $2,278.50
Reserve Requirment (4%) $1,822.80
Net Operating Income $41,468.70
Cap Rate 9.50%
Total Value $436,512.63

additional expenses: 

annual taxes: $12,908.38

biz ins: $1,871

telephone/internet: $599

utilities(lights): $677

Post: Starting out

Alex AndersonPosted
  • Milwaukee, WI
  • Posts 129
  • Votes 24

awesome