906 Reppert St. presents a compelling value-add investment opportunity featuring a 110-unit self-storage facility, a 2-bedroom, 2-bath rental residence, reception area, private office, and half bath on approximately 0.65 acres in Bacliff, Texas.
The property offers an established storage operation with significant lease-up potential. Current operating reports reflect approximately 64% physical occupancy, providing an opportunity for an investor to increase revenue through improved occupancy, rental-rate management, and operational efficiencies. Approximately 40 units are currently available, allowing additional income growth without the need for new construction.
The current operating profile includes approximately $105,322 in annualized occupied-unit rental revenue, with an additional $42,252 in annual asking-rent potential from currently available units. Underwriting indicates approximately $147,574 in conservative stabilized gross rent potential and approximately $167,899 at full-capacity performance.
The property also benefits from an on-site 2-bedroom, 2-bath residence, providing additional income potential and/or an on-site manager residence. The reception and private office areas provide functional space for property management and customer operations.