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
Visits
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