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Archived over 7 years ago

$84,500

1.0 rooms 1 ba

220 S Porter Ave, Okmulgee, AL 74447

Commercial Commercial Occupied Needs Repairs Off MLS

Current Rent **

$4,000

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Value Add 8-Plex!

🔥 Are you looking for your next Multi-family real estate investment? 🔥
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I currently have a: Value Add, Income Producing, 8-PLEX for sale!
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The property will need a complete renovation. The property has 8 units. All of the units are 1 bed / 1 bath. Four of the units are currently leased for $325/mo.
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Property managers from Okmulgee have indicated that once the apartment units are renovated they could conservatively rent for $450-500/mo.
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The asking price of the property is $84,500. The property will need a renovation of est. $100,000. The buyer is responsible for all closing costs. The property after renovation will be worth $304,000, if valuing it at a 9% cap rate.
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*BUYERS; Do your own due diligence, but please do not be afraid to submit me an offer! If you don't offer, we can not make a deal. Thanks!* Call me at (918) 829-6822

Location:

220 S Porter Ave, Okmulgee, AL 74447

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.