Address
1728 S 8th Street Chickasha, OK
Price
$ 375,000
Property Attributes
  • MLS#938880
  • TypeMulti-Family
  • CountyGRADY
  • CityChickasha
  • NeighborhoodHighland Park
  • Zip73018
  • Style
  • Price$ 375,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
Listing Provided Courtesy Of:
Will Fraser with Craftsman Real Estate Services
Property Description

Buy a current current current 9.3% cap, true 5.36% CAP (based on 12-month trailing numbers) with a proven path to a 12%+ cap rate by continuing the sellers repositioning.? In addition to upgrading the homes and property with over $70k in improvements the owner has upgraded the tenant base and has worked to place the best tenants this asset class can attract.? Given the aesthetic improvements and the upgrades in tenants it's not hard to see what will happen when the two remaining mobile homes are renovated ($16k per home estimated to get it to the market rent value) and the empty pad is filled.? You've got a glide-path to the optimal cap rate and cash-flowing asset that will perform for years and will give you a multitude of options.? Summary ?10 pad MH site ?9 homes on site ?1 vacant pad ?7/9 homes have been repositioned and upgraded ?Excellent equity and upside for the buyer by continuing the reposition on the remaining two homes and placing a home on the empty pad.

Elementary School Middle School High School
Lincoln ES Chickasha MS Chickasha HS
Price History
12/17/2020 Listed $375,000

General Features

Construction Manufactured
Parking Gravel Drive
Roof Metal
School District Chickasha
Sub Type Other
Terms As is Condition, Cash, Special Financing

Interior Features

Number 2 Br Units 8
Number 3 Br Units 1
Numberof Units 9

Exterior Features

Foundation Combination

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 73018

Price
AVG $380K
$380K
Visits
AVG 24
23
Walkscore
AVG 45
45
Data Provided by Walkscore ® not using MLS data

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