Price Reduction - Seller Financing
Address
1728 S 8th Street Chickasha, OK
Price
$ 299,000
Property Attributes
  • MLS#938880
  • TypeMulti-Family
  • CountyGRADY
  • CityChickasha
  • NeighborhoodHighland Park
  • Zip73018
  • Style
  • Price$ 299,000
  • Bedrooms9
  • Full Bathrooms9
  • Half Bathrooms0
Listing Provided Courtesy Of:
Will Fraser with Craftsman Real Estate Services
Data Source:
OKCMLS
Property Description

Buy an estimated and real 10.35% cash-on-cash return via seller financing with a $140k down payment or a cash purchase that deploys capital at an 12.27% cash-on-cash return clip! 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
1/18/2021 7% - $350,000
4/8/2021 8% - $325,000
4/20/2021 8% - $299,000

General Features

Construction Manufactured
Legal Addition Highland Park
Parking Gravel Drive
Roof Metal
School District Chickasha
Sub Type Other
Terms As is Condition, Cash, Seller will Finance

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 $300K
$300K
Visits
AVG 95
94
Walkscore
AVG 45
45
Data Provided by Walkscore ® not using MLS data

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