There was a room to the left with 2 closets, the bathroom straight ahead, and a much larger room to the right with 4 closets and past that was a duck/crawl attic storage area.

Some cap rates- Self Storage & large market rate multis for example are at a flat 5.

Maybe Class C+/B- units, mobile park or self-storage.

You buy a self storage property for $1,000,000 at a 9.25% cap rate.

Adding a closet or storage room into an empty room is a great idea.

My business partners have over 80 years of combined real estate and note investing experience in all aspects of the industry including financing, asset/construction/property management, rentals, rehabs, new construction, single family, multi family, commercial, mixed used, self storage, student housing, and real estate notes. 

Also keeping some building supplies handy, maybe in storage, helps reducing maintenance costs.

A lot of buyers need storage and a garage serve that purpose.

I'm not a it's-always-the-parents'-fault kind of person, but when I see these kids with these devices, I don't see anyone else to blame.

If multifamily or self storage zoning I would be interested in taking a look.