4 Beds
2 Baths
1,512 SqFt
4 Beds
2 Baths
1,512 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $119
Subdivision Maplewood Ext Addn Replat
MLS Listing ID 2626268
Style Other
Bedrooms 4
Full Baths 2
HOA Y/N No
Total Fin. Sqft 1512
Year Built 1965
Annual Tax Amount $2,447
Tax Year 2026
Lot Size 7,013 Sqft
Acres 0.161
Property Sub-Type Duplex
Property Description
The property is currently leased at $1,640 per month with market rent estimated at approximately $1,850 per month, offering excellent upside potential. At the projected market rent, the property has the potential to exceed the sought-after 1% rule (approximately 1.03%) and offers an estimated 8.0% pro forma cap rate before property management expenses (buyer to verify all figures and perform their own due diligence).
With no HOA, reasonable annual property taxes, and strong rental fundamentals, this is an attractive opportunity for investors seeking immediate cash flow with the potential for increased returns as rents are brought to market levels. Whether you're looking to expand your portfolio or complete a 1031 exchange, this property offers both current income and future appreciation potential.
Currently professionally managed by PMI Realty Solutions.
Location
State OK
County Tulsa
Direction South
Rooms
Other Rooms Second Garage
Interior
Interior Features None, Stone Counters, Gas Oven Connection
Heating Central, Gas
Cooling Central Air, Window Unit(s)
Flooring Tile
Fireplace No
Window Features Vinyl
Appliance Dishwasher, Disposal, Gas Water Heater, Other, Oven, Range
Heat Source Central, Gas
Exterior
Exterior Feature None
Parking Features Shared Driveway
Fence Chain Link
Pool None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Other, Phone Available
Amenities Available None
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch None
Garage false
Building
Lot Description None
Faces South
Entry Level One
Foundation Slab
Lot Size Range 0.161
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories One
Additional Building Second Garage
Structure Type Brick,Wood Frame
Schools
Elementary Schools Hamilton Elementary School
High Schools Nathan Hale High School
School District Tulsa - Sch Dist (1)
Others
Senior Community No
Tax ID 83818-84-09-25800
Security Features No Safety Shelter
Acceptable Financing Conventional, Other
Green/Energy Cert Other
Listing Terms Conventional, Other
NEARBY SCHOOLS & PROPERTIES
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12780 S 198th E Ave, Arrow, Oklahoma 74014, United States