124, 126,128 And Rear Fallsview Ave

Highlights:

• Days on Market: 103
• Heating: Forced Air

Description:

Additional Lot(s)

This versatile commercial mini-warehouse complex presents a rare opportunity for investors seeking stable income with strong upside potential. The property features a total of 31 drive-up self-storage units ranging in size from approximately 12'x20' to 14'x24', offering flexible options for renters and consistent cash flow. Additionally, two large warehouse units, each approximately 1,200 sq ft, are equipped with loading docks and drive-in ramp doors—one of which has been recently upgraded with a new edge-of-dock leveler—making them ideal for small businesses or contractors in need of secure workspace and access. Complementing the commercial spaces are two single-family homes on-site, both of which are tenant-occupied and contribute to the monthly rental income. The property also includes 1.5 acres of newly revamped outdoor storage space—graded, cleaned, and now actively being marketed for lease—perfect for RV, trailer, or contractor equipment storage. Current monthly rental income stands at $8,927, with four storage units still available for lease, and several long-term tenants still paying below market rates, offering immediate opportunities to increase revenue. The entire tenant base is managed through an electronic payment software system, streamlining collections and eliminating the need to handle cash or checks. Since ownership, major capital improvements have been made including new roofing, gutters, and modernization of leases and tenant management systems. The property is zoned Commercial – Mini Warehouse and also includes over 5 acres of additional wooded, commercially zoned land that adds to its long-term value. Operating at a 7% cap rate based on current income—with rising rents and continued lease-up efforts underway—this asset is well-positioned for further financial growth. The owner’s responsibilities are minimal, limited to real estate taxes, exterior lighting, and landscaping for the lower lot, making this a low-maintenance, high-yield investment. Whether you're an experienced investor or expanding your portfolio, this property offers multiple income streams, quality improvements, and a strong foundation for long-term returns.