Ask Michael Daniels
Multi-Rental Investment Properties 3 Homes 1 Price Choctaw County OK
Description
Call Michael Daniels Broker/Owner Rental Manager @ 580 317 3412 or 580 326 8867 .
Take a look at these 3 occupied rental homes with 13 % cap rate which bring in $2,400 monthly, all for one turn-key price! Awesome rental income properties located in growing Hugo, Choctaw County, OK Limited rental home opportunities with long-term renters including a hefty cap rate of 13%. Great renters who have been established for years and not interested in moving with rent being paid by a third party. It doesn't get any better than this. Several new projects are springing up in the Choctaw County area make this rental investment a great opportunity for new or even existing investor. These 3 rentals include: two right in the quite section of town of Hugo you'll find a 3 bedroom and 2 bathroom built in 1992 with 1450 sq. ft. living space, large back yard and great curb appeal with surrounding fencing located on 607 West Arthur Street; 2 bedroom and 1.5 bathroom built in 1963 with 1456 sq. ft living space with large lot 32 X 34 utility building added in 1999 which needs some updating, sitting on a large corner lot located in the Stone Cubby Block addition in the town of Soper providing the great rental investment which is not located directly in the town giving the suburb feeling; a smaller home with a awesome stable renter in a 2 bedroom 1 bath built in 1945 with 700 sq. ft. living space located on 411 North Second Street providing this renter the opportunity to have access to everything in the town and surrounding areas of entertainment without needing a vehicle. These rentals are currently bringing in $2,400 in monthly income and since rent is below market rate, and additional increase could be added to increase even more than the 13% existing cap rate. Several new exciting projects are coming to the town of Hugo including the Choctaw Nation new medical facility which will provide an all encompassing medical facility to the Choctaw Nation. This means that there will be an increase of 300 additional families coming to town and increasing the need to expand the current minimal housing availability market. All properties have been updated in the past two years and rental management is easy for all homes which are in good shape. At this time please connect with me directly since all locations are currently occupied and renters are NOT to be disturbed without me being available.
Call Michael Daniels Broker/Owner Rental Manager @ 580 317 3412 or 580 326 8867 .
