1300 S Spruce N/a Coffeyville, KS 67337

A well-structured cinderblock storage complex encompassing a main office (20x40) that includes a half bath, 3 - 10x10 units, 14 - 10x20 units, 2 - 20x20 units, and 4 convenient 5x10 units. These units are undergoing a substantial refurbishment with fresh paint and new facia, along with repairs to ra...in gutters and downspouts, enhancing their appeal and functionality. Adding to the overall value, the owner has installed exterior security lights, fence, and doors. Soon to come will be video cameras and updated locks to ensure maximum security. The facility benefits from additional security provided by Eagle Security at Acme Foundry. Considering the financial aspects, the absence of other storage units in Coffeyville makes this property a highly desirable asset. The rental income is projected to range between $2,075 - $2,585, creating a steady stream of revenue. Currently, there are three tenants occupying six units, paying discounted rates until the renovation is complete. Upon completion, the facility is expected to generate a significant return on investment. Continue reading