813 N UNIVERSITY ST SEMINOLE, OK 74868

Features

• Price/sqft: $1,562
• Lot Size: 12131 sq. ft.
• Total Units: 8
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
• Stories: 200
• Roof Type: GABLE
• Heating: Zoned Heating
• Exterior Walls: Wood

Facts

• Year Built: 01/01/1930
• Property ID: 883428280
• MLS Number: 1108797
• Parcel Number: 8590-00-004-015-0-000-00
• Property Type: Multi-family (5 or more units)
• County: SEMINOLE
• Legal Description: SOUTHWICK ADDN LOTS 15-17 & STRIP 10' WIDE E & W & 75' LONG N & S ALG W END 15-17 & N 32'6" OF LOTS 5 & 6 BEING N PART OF LOTS 5 & 6 BLK 4
• Zoning: C2
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity)nRent 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). nBorrowing 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.n**This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW