301 E Modoc Ave - Apartments FOR SALE


Mcalester, OK 74501
$1,250,000 USD
918-423-9458
301 E Modoc Ave, Mcalester, OK for Sale
$1,250,000 USD
Apartments - FOR SALE
1/23
null | 7.35% Cap Rate

301 E Modoc Ave
Mcalester, OK 74501


HIGHLIGHTS

  • Fully occupied 8 units with many capital improvements
  • Gross rent: $10,350; 3 units rented under market value
  • Tons of amenities including garage, washer/dryers, refrigerators, stoves, microwaves, and dishwashers

OVERVIEW

TURN KEY RENTAL INVESTMENT OF 8 UNITS, FULLY OCCUPIED WITH MANY CAPITAL IMPROVEMENTS COMPLETED. Modoc Apartments is an upscale three-unit apartment with a two-story 4-plex and two duplexes. The 4-plex offers 3 bedrooms and 2.5 bathrooms with a two-car garage, washer/dryers, refrigerators, stoves, microwaves, and dishwashers. The roof and gutters are less than 2 years old. The duplex facing Modoc has 2 spacious bedrooms and 2 full bathrooms, appliances, and a single-bay garage. The most recently built duplex, facing 3rd street, is a 2 bedroom plus an office area and two car garage with appliances. Currently, the owner pays for water/trash and yard maintenance and has invested a lot into capital improvements, such as central heat and air, painting, flooring, roof, gutters, french drain, and more. Gross rent is $10,350, however, 3 units are rented under market value.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

7.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

R3

APN/PARCEL ID

0100-00-646-005-0-005-00

ASK ABOUT THIS PROPERTY

Kristy BalchLeader Group Realty, LlcMore Info
918-423-9458

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Kristy BalchLeader Group Realty, LlcMore Info
918-423-9458

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