813 N University , Seminole, OK 74868
Seminole, OK 74868
Description
Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. Inside pictures coming soon. Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 for a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less). Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio. **This info is an estimation of taxes, insurance, rent & occupancy rates.** Inside pictures to come.
Details
| MLS# | 2417528 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1930 |
| Days On Site | 246 |
| Listing Provided By | Pam Robinson Real Estate | Pamela Robinson |
Features
| SQ Feet | 2,160 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C2 |
| Acreage | 0.28 |
Market Activity 74868
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Learn More About This Property
| State | OK |
|---|---|
| County | Seminole |
| City | Seminole |
| Zip Code | 74868 |
| School District | Seminole (B6) |
| Elementary School | Seminole (B6) |
| Middle School | Seminole (B6) |
| High School | Seminole (B6) |
| Listing VS Median (in 74868) | |
Price: $175,000 low | high Med: $175,000 SqFt: 2,160 low | high Med: 2,160 $ / SqFt: $81 low | high Med: $81 On Site: 246 low | high Med: 246.000000 | |