Big Bins of Eagle River
Eagle River, WI
Exclusively Listed By:
EquiCap Commercial and NAI Pfefferle
List Price: $600,000
Acres: 1.51 Acres
PRIME LOCATION // Located just off Hwy70 with vehicle counts exceeding 9,500 per day. Marquee sign on Hwy 70.
MANAGEMENT OPPORTUNITY // Opportunity for a new owner to manage the rental process and payments better by utilizing technology and the DaVinci lock system and improve the overall physical occupancy, currently at 79%.
ADD VALUE OPPORTUNITY // The current ownership does not charge admin fees, nor do they offer tenant insurance.
RENTAL RATE OPPORTUNITY // A new owner will be able to push in place rental rates on day one. Currently the scheduled rents are $13,00/year behind the street (advertised) rents.
MARKETING OPPORTUNITY // Current ownership does not do any marketing, with it being a lake community, new ownership can add SEO, allowing to keep occupancy high while increasing rental rates.