803 E Florida Street, Durant, OK 74701

• 2 beds |
• 1 bath |
• 1,458 sqft

Property Description

Large beautifully renovated residential rental property located just minutes from downtown Durant - this unit represented here is 1 of 12 rental units spread across four buildings: 1 duplex - 2 units (CH - 1458 SF duplex - each unit is 729 SF), 2 triplexes - 6 units (CH - 2553 SF - each unit is 851 SF), and 1 quadriplex - 4 units (3500 SF - 4 units) for a total of 24 bedrooms and 12 baths. Situated on E. Florida St. and Holcomb Ave., the properties are fully leased and have enjoyed minimal vacancy over time, with rents held steady since the renovations. Each unit has a refrigerator, stove, microwave, stackable washer-dryer, and a front and back concrete porch. With a 10% cap rate, this propery (one abstract for all 4 buildings) is a great opportunity with incoming income from your first day of ownership. Each unit features 2 bedrooms, 1 bathroom, a kitchen, living room, and bath, offering approximately 872 sq. ft. of living space. (NOTE: There are 12 units - there are 24 bedrooms.) These units are ideal for tenants seeking comfort and convenience, with proximity to local amenities, including Lake Texoma, Choctaw Casino, and the rapidly expanding city of Sherman. With a solid cap rate near 7.5%, this property is an excellent investment opportunity in a growing market. Durant is experiencing strong demand for rental properties, and rents are on the rise. This is the perfect time to invest and be part of the area's growth, driven by nearby developments like new chip plants in Sherman. Addresses include: East Florida St: 803, 805, 807, 809, 811, 813, 815, 817 Holcomb Ave: 201, 203, 205, 207 Don’t miss out—this property offers both immediate income and long-term potential.

Listing Status:

Pending

Date Added:

December 15, 2024 at 06:00AM

Listing Office:

Better Homes & Gardens, Winans : (972) 744-9888

Listing Agent:

Carol Layman : (903) 814-8845

MLS ID:

2443958

Interior

• General: Granite CountersHigh Speed InternetCeiling Fan(s)Gas Oven Connection
• Appliances: DryerGas Water HeaterMicrowaveOvenRangeStoveWasher
• Laundry: Washer Hookup
• Basement: None
• Flooring: Vinyl
• A/C: Central Air
• Heating: CentralGas
• Fireplace: Fireplaces: 0

Exterior

• General: None
• Style: Contemporary
• Other Structures: None
• Pool: None

Construction

• Roofing: AsphaltFiberglass
• Windows: Vinyl
• General: MasoniteWood Frame1Slab

Location

• Originating MLS: TULSA_TULSA
• School District: Durant - Sch Dist (58)
• County: Bryan

Lot

• Zoning: LOT 1LESS THE WEST 900 FT THEREOFAND ALL OF LOTS TWOTHREEAND FOUR AND THE EAST 230 FT OF LOT FIVE IN BLOCK 2 OF HILLCREST ADDITION TO THE CITY OF DURANT BRYAN COUNTYOKLAHOMAACCORDING TO THE RECORDED PLAT THEREOFA 120--00-002-002-0-000-00
• Fencing: None

Utilities

• Utilities: Natural Gas AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: TULSA_TULSA

This listing courtesy of Carol Layman, Better Homes & Gardens, Winans