Chelsea Self-Storage & Mobile Home Park | 206 Units | 32 Lots | 90% Occupied | 7.4% Cap Rate

Bull Realty is pleased to present Chelsea Self-Storage and Mobile Home Park located in a rapidly growing suburb of Birmingham. The property is comprised of 206 non-climate controlled, self-storage units and 32 mobile home lots. 16 of the mobile homes are tenant-owned and 14 are park-owned. Many of the tenants have expressed interest in purchasing the park-owned homes. Chelsea Self Storage and Mobile Home Park is located off the Hwy 280 corridor which sees 33,060 vehicles per day. Chelsea, AL is located 10 miles southeast of Birmingham, and is a family-oriented community with great schools. The rivers, lakes, and mountains offer plenty of opportunities for recreation. Value-Add Potential: increasing self-storage rents, offering tenant insurance, raising mobile home rents, and adding covered RV parking or portable storage units.