FOR SALE: 59 Unit Mini-Storage in Coaling, AL offered at a 10% Cap Rate on in-place income. The development has 40 10x10 units, 12 5x10 units, and 7 10x20 units. There are value-add opportunities through lease up and increasing âgrandfatheredâ rents that can increase the return to 12%. The property is 1.01+/- acres. P&L and rent-roll will be made available as part of a purchaserâs due diligence process.
Coaling is located in Alabama. Coaling, Alabama has a population of 2,112. Coaling is more family-centric than the surrounding county with 42.29% of the households containing married families with children. The county average for households married with children is 30.95%.
The median household income in Coaling, Alabama is $75,098. The median household income for the surrounding county is $57,508 compared to the national median of $69,021. The median age of people living in Coaling is 34.6 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 33.7 degrees. The average rainfall is approximately 52.3 inches per year, with 0.1 inches of snow per year.
