12204 E County Road 76 - Residential Income FOR SALE


Coyle, OK 73027
$1,250,000 USD
405-330-2626
12204 E County Road 76, Coyle, OK for Sale
$1,250,000 USD
Residential Income - FOR SALE
1/60
null | 6% Cap Rate

12204 E County Road 76
Coyle, OK 73027


HIGHLIGHTS

  • Lake View
  • Fully updated and FULLY FURNISHED.
  • Two fully furnished apartments with private keypad entries.
  • All bedroom suites have a personal bathroom.

OVERVIEW

FULLY FURNISHED!!! The Seller's live on the property as their primary residence and rent out the private rooms, small house in back, and garage apartment throughout the year to college students, OSU fans coming into town for games, business events, family reunions, 4th of July, and weddings! The Seller's completed renovations over the course of 5yrs. They were not open during the Pandemic. The potential income could be "$75,000 plus" a year if the property was advertised as a Bed & Breakfast continuously with little to no advertisement. Utilities, WIFI and cable are approximately $6500 a month for the entire compound, including the main home, both apartments and the separate home out back. The cap rate is calculated assuming each room would have a minimum of a 2 night stay per week, per month. Currently, there are bookings scheduled for the upcoming months of 2022, and return client bookings for 2023. The property will be sold fully furnished with updated decor. The location of the Bed & Breakfast is secluded and directly across from Langston Lake, yet only minutes to Langston University and HWY 33, 15 miles to Stillwater and 30 mins to the Okc Metro. This would be a great location to be used for a Children's Home, Company Perk Getaway, College Students, Bed & Breakfast, Wedding Venue or just a home sweet home!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12204 E County Rd 76, Coyle, OK 73027

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

-

APN/PARCEL ID

0011933

ASK ABOUT THIS PROPERTY

Amy EichorKeller Williams Realty Central OklahomaMore Info
405-330-2626

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Amy EichorKeller Williams Realty Central OklahomaMore Info
405-330-2626

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.