315 E Modoc Avenue
McAlester, OK 74501
13149 sqft | 12 beds | 10 baths | 0.72 acres | #2501537
Description
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. NOI is $81,265.68 after management fees, taxes, insurance, water, and lawn and CAP is 6.25%
Property Details
- Utility FeaturesCable Available, Electricity Available, Fiber Optic Available, Phone Available, Water Available
- InteriorHigh Ceilings, High Speed Internet, Other, CableTv, Vaulted Ceilings, Ceiling Fans
- Exterior MaterialsConcrete Driveway, None
- School DistrictMcAlester Sch Dist (R2)
- BasementNone, Crawl Space
- SubdivisionSouth McAlester
- Sewer InformationPublic Sewer
- FoundationCrawlspace
- Original List Price$1,300,000
- Property SubtypeQuadruplex
- Elementary SchoolMcAlester
- Middle SchoolMcAlester
- High SchoolMcAlester
- CountyPittsburg
- Property TypePurchase
- MLS #2501537
- Cost1250000
- MLS #2501537
- Utility SourcePublic
- Taxes Annual$7,136
- Acres0.721
- Square Feet13149
- StyleRanch
- Year Built1999
- Bedrooms12
- Bathrooms10
- Days on Market (Cumulative)29
- Full Baths8
- Half Baths4
- Parking Spaces8
Location
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Last Updated: . Source: NORES
Listing Courtesy
Listing Agent: Kristy Balch (#136290)
Listing Office: Leader Group Realty, LLC (#2695)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
