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Listed by Meeks Real Estate Inc.
$125,000
Est. payment /mo
6,185 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Fox Ridge Links
MLS Listing ID IRM202622466
HOA Y/N No
Year Built 2009
Annual Tax Amount $1,260
Tax Year 25
Lot Size 6,185 Sqft
Acres 0.142
Lot Dimensions .142
Property Sub-Type Other
Property Description
This well-maintained five-unit storage building offers a solid income-producing opportunity within the established Fox Ridge community. Each unit contains approximately 312 square feet, providing versatile storage solutions for tenants or personal use. The property currently demonstrates strong occupancy, with four of the five units in use. Two units are secured under one-year leases paid in advance, while one unit is leased on a month-to-month basis, offering both stability and flexibility in rental income. One unit is presently vacant, allowing opportunity for immediate additional revenue or owner use. The building generates consistent rental income, with units renting for $170 per month, equating to $2,040 annually per leased unit. Operating expenses are predictable and manageable. Association dues are $900 annually, billed quarterly. Additional costs include building shell insurance and utilities, with property taxes paid current. The storage building is governed by the Fox Ridge Condominium Association declarations and by-laws, ensuring uniform standards for maintenance and operation. Notably, the property operates independently without affiliation to Lakeview One, LLC and is not subject to LVO dues or assessments. This property presents a low-maintenance investment with reliable cash flow potential, ideal for investors seeking stable income or an owner-user needing secure storage space with supplemental rental income.
Location
State IN
County Knox County
Rooms
Basement Slab
Interior
Heating None
Inclusions Building
Fireplace N
Exterior
Parking Features None
View Y/N true
Total Parking Spaces 5
Building
Sewer None
Water None
New Construction No
Others
Pets Allowed No
Tax ID 42-12-13-800-002.001-023
Acceptable Financing IRM202622466
Listing Terms IRM202622466
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202622466
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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