*** ********* ***, ********, OK
14.08% return
SP:
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Property Description

3 duplexes in Oklahoma! 

90% occupied. Vacant unit needs minor TLC. Property will generate a 14.08% return on investment!! Seperate electric and water meters, tenants pay all utilities. Surrounding towns are experiencing tremendous economic and populationg growth, the next town in line is this one!! Extreme rental demand, no others available in the area. Only 2 hours from Dallas! 

Property management and financing available!

Property Information

  • Listing statusSold
  • Property typeMulti Family
  • Total units6
  • Total bedrooms8
  • Total bathrooms6
  • Building size5200 sq. ft.
  • Lot size1.1 acres
  • Year built1958
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick
  • RoofAsphalt Shingle
  • Water sourceCity water
  • Water disposalSewer
  • HeatingFORCED AIR
  • CoolingWindow A/C

Property Financial Summary

  • Sale price$225,000
  • Estimated rehab1$0
  • Total investment$225,000
  • TypeProforma
  • Gross income (annually)$38,400
  • Operating expenses (annually)$6,714
  • Net income (annually)$31,686
  • Gross return17.07%
  • Gross income (monthly)$3,200
  • Operating expenses (monthly)$560
  • Net income (monthly)$2,641
  • Net return14.08%

Property Income & Expenses

  • Income
  • Duplex 1
  • Unit 1: 2 bed / 1 bath$600/month$7,200/year
  • Unit 2: 2 bed / 1 bath$600/month$7,200/year
  • Duplex 2
  • Unit 3: 1 bed / 1 bath$500/month$6,000/year
  • Unit 4: 1 bed / 1 bath$500/month$6,000/year
  • Duplex 3
  • Unit 5: 1 bed / 1 bath$500/month$6,000/year
  • Unit 6: 1 bed / 1 bath$500/month$6,000/year
  • Total$3,200/month$38,400/year
  • Expenses
  • Property Taxes$151/month$1,814/year
  • Insurance (estimated)$83/month$1,000/year
  • Property Management$145/month$1,740/year
  • Maintenance reserve$167/month$2,000/year
  • Lawn care$13/month$160/year
  • Total$560/month$6,714/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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