802 Se Avenue N, Idabel, OK

12.75% return

SP: $499,900

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.

Building 806-808

Property Description

TURNKEY INVESTMENT!!

6 duplexes, part of a 38 unit portfolio. Solid brick construction. Separate electric and water meters. City water and sewer. Central heat and air. Newer metal roofs.

All units are fully occupied. 12%+ 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 statusCancelled
Property typeMulti Family
Total units12
Total bedrooms24
Total bathrooms14
Building size11808 sq. ft.
Lot size0.0 acres
Year built1977

CountyMcCurtain County
Subdivision
ConstructionBrick
RoofMetal
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$499,900
Estimated rehab¹$0
Total investment$499,900

TypeProforma

Gross income (annually)$84,000
Operating expenses (annually)$20,262
Net income (annually)$63,738
Gross return16.80%

Gross income (monthly)$7,000
Operating expenses (monthly)$1,689
Net income (monthly)$5,312
Net return12.75%

Property Income & ExpensesMonthlyAnnual

Income

1300-1302
Unit 1300: 2 bed / 1 bath$550/month$6,600/year
Unit 1302: 2 bed / 1 bath$550/month$6,600/year
1304-1306
Unit 1304: 2 bed / 1 bath$550/month$6,600/year
Unit 1306: 2 bed / 1 bath$550/month$6,600/year
1308-1310
Unit 1308: 2 bed / 1 bath$650/month$7,800/year
Unit 1310: 2 bed / 1 bath$650/month$7,800/year
1312-1314
Unit 1312: 2 bed / 1 bath$650/month$7,800/year
Unit 1314: 2 bed / 1 bath$650/month$7,800/year
802-804
Unit 802: 2 bed / 1.5 bath$550/month$6,600/year
Unit 804: 2 bed / 1.5 bath$550/month$6,600/year
806-808
Unit 806: 2 bed / 1.5 bath$550/month$6,600/year
Unit 808: 2 bed / 1.5 bath$550/month$6,600/year
Total$7,000/month$84,000/year

Expenses

Property Taxes$333/month$4,000/year
Insurance (estimated)$304/month$3,642/year
Maintenance reserve$292/month$3,500/year
Lawn care$60/month$720/year
Property Management$700/month$8,400/year
Total$1,689/month$20,262/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.