It could be used for storage or whatever.

We did a refi about a year ago on a mini-storage and the lender looked at five years history.

Some of those little storage buildings at Home Depot sell for more than that.

Self storage facility is where the stuff goes relatively inexpensively.

My main business has been renting storage space for about $200 per month for years.

A neighbors tree fell on my fence at a rental property and damaged a storage building at each location.

I would want a small yard for each unit and probably a garage or some other type of storage as well.

Larger parks probably have swimming pools, clubhouses, offer storage sheds, etc.On your numbers, I think you might be a bit light on current value, but my opinion is based on a 10% cap rate calc, which might value it at around $80K.

Charging fall/spring semester tenants for storage during summer break perhaps?

Hi MichealFrom Someone who now buys ONLY Self Storage, and does so with private money, I think it's a great idea.