803 E Florida Street
Durant, OK 74701
$1,575,000
3488 sqft | 15 beds | 12 baths | 1.29 acres | #2443958
For Sale
Description
Located just minutes from downtown Durant, this beautifully renovated residential property offers 12 rental units spread across four buildings: 1 duplex (1744 SDF, 2 triplexes (each 2616 SF), and 1 quadriplexd (3488 SF) 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 features 2 bedrooms, 1 bathroom, a kitchen, living room, and bath, offering approximately 872 sq. ft. of living space. (NOTE: There are 24 units; the max we can list in the items at the top of the listing is 15.) 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,
Property Details
- Interior:Central Vacuum, Granite Counters, High Speed Internet, Ceiling Fans
- Bedrooms:15
- Bathrooms:12
- Full Baths:12
- Lot description:Corner Lot, Wooded
- Acres:1.287
- Square Feet:3488
- Property type:Purchase
- Style:Contemporary
- Year built:1983
- Foundation:Slab
- Sewer information:Public Sewer
- Utility source:Public
- Utility features:Natural Gas Available, Water Available
- Subdivision:Hillcrest
- School district:Durant - Sch Dist (58)
- Elementary School:Durant
- High School:Durant
- County:Bryan
- Original List Price:$1, 575, 000
- Days on Market (Cumulative):4
- Taxes annual:$4, 680
- MLS #:2443958
- Cost:1575000
- Property subtype:Quadruplex
- MLS #:2443958
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: NORES
Listing Courtesy
Listing Agent: Carol Layman
Listing Office: Better Homes & Gardens, Winans
Wilkerson Real Estate Real Estate Group
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
$0.00
Loan Amount
$0.00
