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813 N University Seminole, OK 74868
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Key Details
Sold Price $153,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $70
MLS Listing ID 2417528
Sold Date 03/04/25
HOA Y/N No
Total Fin. Sqft 2160
Year Built 1930
Annual Tax Amount $968
Tax Year 2023
Lot Size 0.278 Acres
Acres 0.278
Property Sub-Type Apartment
Property 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.
Location
State OK
County Seminole
Rooms
Basement Crawl Space
Interior
Interior Features Other
Heating Other
Cooling Window Unit(s)
Flooring Carpet, Laminate
Fireplace No
Heat Source Other
Exterior
Exterior Feature Other
Fence None
Utilities Available Electricity Available, Phone Available, Water Available
Water Access Desc Public
Roof Type Composition
Building
Story 2
Entry Level Two
Foundation Crawlspace
Lot Size Range 0.278
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Other
Schools
School District Seminole (B6)
Others
Tax ID 8590-00-004-015-0-000-00
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other
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Bought with Non MLS Office