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$1,350,000

Est. payment - /mo

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2 Beds

1 Bath

1,458 SqFt

Active

803 E Florida ST Durant, OK 74701

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Hannah Null

hannah@investrealestateteam.com +1(806) 787-0352

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,458 sqft

Price per Sqft $925

Subdivision Hillcrest

MLS Listing ID 2443958

Style Contemporary

Bedrooms 2

Full Baths 1

HOA Y/N No

Total Fin. Sqft 1458

Year Built 1983

Annual Tax Amount $4,680

Tax Year 2024

Contingent 1

Lot Size 1.038 Acres

Acres 1.038

Property Sub-Type Duplex

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.

Location

State OK

County Bryan

Direction North

Rooms

Other Rooms None

Basement None

Interior

Interior Features Granite Counters, High Speed Internet, Ceiling Fan(s), Gas Oven Connection

Heating Central, Gas

Cooling Central Air

Flooring Vinyl

Fireplace No

Window Features Vinyl

Appliance Dryer, Gas Water Heater, Microwave, Oven, Range, Stove, Washer

Heat Source Central, Gas

Laundry Washer Hookup

Exterior

Exterior Feature None

Fence None

Pool None

Utilities Available Natural Gas Available, Water Available

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch None

Garage false

Building

Lot Description Corner Lot, Wooded

Faces North

Entry Level One

Foundation Slab

Lot Size Range 1.038

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories One

Additional Building None

Structure Type Masonite,Wood Frame

Schools

Elementary Schools Durant

High Schools Durant

School District Durant - Sch Dist (58)

Others

Senior Community No

Tax ID A 120--00-002-002-0-000-00

Security Features No Safety Shelter,Smoke Detector(s)

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Better Homes & Gardens, Winans

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Hannah Null

License ID: 204894

+1(806) 787-0352