2,160 sqft

$153,000

813 N University, Seminole OK, 74868

Price per sqft$70.83

Built in1930

Property size2,160 sqft

Property typeCommercial

Courtesy of Pamela Robinson, Pam Robinson Real Estate, (405) 382-7653

Overview

Sold

Closed

Listed May 16, 2024

Updated Aug 22

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.

Additional information

MLS^® ID: 2417528

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.28 Acres

Other Property Details

Taxes: $968
Tax Frequency: Annually

Also listed on MLSOK

Courtesy of Pamela Robinson, Pam Robinson Real Estate

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sheila Clay shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.