In trying to figure out a creative way to use it and looking at its surroundings, due to the large amount of rental properties, I was thinking about turning it into a small storage facility.  

You're also able to put anything the tenant leaves behind on the street, unlike NJ, which requires 30 days of storage at the landlord's expense.

I dug more into this low rent, currently the tenant uses the upstairs as storage, not as a 3rd bed room, so really it is on HUD as a 2/1.

Also - Google has two offerings: their free consumer stuff, as well as a business offering that gives you a bit more storage (and other functionalities such as a SLA and backup).

Even with that benefit they tend to not do well in resale value.How is the storage in the house overall?  

There's literally 2 notches difference on the tank from the month before.

Grounds/well/septic - 50Total Expenses - 1609Debt Service - 12733073-1609-1273 = +$191 pre-tax cash flow per month with 25% down.Cap Rate - 5.6%Cash on Cash - 2.9%Re- Garage - Any chance you can "rent" this quite simply as garage spaces or storage? 

Septic tanks?

The house was built in the 40's; sewer was installed in the neighborhood about 10 years back, and at that time, you had to fill in your old septic tank when you hooked up to sewer.

Purchase: 126,900 Repairs/Septic Tank: 20,000?