$12,500

Hawthorne Lakes condominium complex 1-car garage unit. Garage units in this complex are deeded separately from the residential units. Owners are responsible for the interior of the garage unit, and the condo association is responsible for the exterior. The garage units have manual doors and no interior electric. Owners/renters of the garage units are not required to be owners/renters of a residential unit in the community. These units are a great budget alternative to a traditional storage facility and could be an excellent investment with low entry, overhead, and maintenance costs. If rented for $150/month, investors could achieve a cap rate of nearly 13%. Expenses include an $11/month condo fee, and yearly taxes of $167.90. Units G21, G22 and G48 are also available.