504 N Indian Road, Idabel, OK
16.29% return
SP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5

Property Description

TURNKEY INVESTMENT!! 

18 mobile homes, part of a 38 unit portfolio. Built in 1995. Separate electric and water meters. City water and sewer. Central heat and air. 

All units are fully occupied. 15%+ net return on investment. No deferred maintenance required. 

No rental listings in city and county!!! Tons of rental demand in the area. 

Professional property management is available. Perfect for an out of state investor.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units18
  • Total bedrooms47
  • Total bathrooms32
  • Building size(unknown)
  • Lot size9.0 acres
  • Year built1995
  • CountyMcCurtain County
  • Subdivision
  • ConstructionFrame
  • RoofMetal
  • Water sourceCity water
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Sale price $750,000
  • Estimated rehab 1 $0
  • Total investment $750,000
  • Type Proforma
  • Gross income (annually) $150,000
  • Operating expenses (annually) $27,817
  • Net income (annually) $122,183
  • Gross return 20.00%
  • Gross income (monthly) $12,500
  • Operating expenses (monthly) $2,318
  • Net income (monthly) $10,182
  • Net return 16.29%

Property Income & Expenses

  • Income
  • Unit Lot 1: 2 bed / 2 bath $650/month $7,800/year
  • Unit Lot 10: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 11: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 12: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 13: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 14: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 15: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 16: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 17: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 18: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 2: 2 bed / 1 bath $650/month $7,800/year
  • Unit Lot 3: 2 bed / 1 bath $650/month $7,800/year
  • Unit Lot 4: 2 bed / 1 bath $650/month $7,800/year
  • Unit Lot 5: 1 bed / 1 bath $250/month $3,000/year
  • Unit Lot 6: 2 bed / 2 bath $650/month $7,800/year
  • Unit Lot 7: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 8: 3 bed / 2 bath $750/month $9,000/year
  • Unit Lot 9: 3 bed / 2 bath $750/month $9,000/year
  • Total $12,500/month $150,000/year
  • Expenses
  • Property Taxes $354/month $4,247/year
  • Maintenance reserve $1,000/month $12,000/year
  • Insurance $864/month $10,370/year
  • Lawn care $100/month $1,200/year
  • Total $2,318/month $27,817/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.

Share Listing

Contact Property Agent

You need to have an account to send an inquiry.

Log In Register

Property Tools

 Print
Copyright by Real Pro, Inc 2020 . All Rights Reserved.