Ardmore, OK 73401
- $275,000
- 4
- BD
- 2
- BA
- 2,480
- SqFt
- List Price
- $275,000
- MLS#
- 2638596
- Living Area
- 2,480
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 4
- Full Bathrooms
- 2
Property Description
TURNKEY DUPLEX INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL! Don't miss this extensively remodeled, income-producing duplex situated on approximately 0.73 acres! This property offers TWO spacious rental units with a combined 7 bedrooms and 3 bathrooms, currently generating $2,550 per month in rental income! $30,600 yearly with full occupancy. The property has undergone a comprehensive renovation, including updated plumbing, electrical, and mechanical systems, with improvements completed to bring the property up to applicable city codes. Both units are currently tenant-occupied, providing an opportunity for immediate rental income. One unit offers 4 bedrooms and 2 bathrooms, currently renting for $1,400 per month, while the second features 3 bedrooms and 1 bathroom, renting for $1,150 per month. ADDITIONAL INVESTMENT POTENTIAL! With approximately 0.73 acres, the property may offer an opportunity to expand and potentially construct additional multifamily housing, subject to city zoning, approval, and development requirements. Seller is a licensed Oklahoma Real Estate Broker and is selling as part of an investment restructuring, not due to any known issues with the property. Whether you're looking to expand your rental portfolio or explore future development opportunities, this property offers income today with potential for tomorrow! Broker/Owner
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Additional Information
- Construction
- Vinyl Siding, Wood Frame
- Year Built
- 1950
- School District
- Ardmore - Sch Dist (Ad2)
- Elementary School
- Charles Evans
- High School
- Ardmore
- Taxes
- $812
- Utilities
- Electricity Available, Other, Water Available
- Sewer
- Public Sewer
- Roof
- Other
- Interior Features
- Other, Electric Range Connection
- Appliances
- Electric Water Heater, Oven, Range
- Cooling
- Central Air
- Heating
- Central, Electric
- Exterior Features
- Other
- Fence
- None
- Lot Size
- 31,799
- Acres
- 0.73
- Foundation
- Crawlspace
- Water
- Public
Courtesy of Emily King and I Sell Houses Real Estate Co. (580) 222-7811
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