The potential to purchase fifteen brick and frame duplexes, consisting of 8 one bedroom, 1 one bath, and twenty-two 2 bedrooms, 1 bath units that are 100% occupied is achievable today. If you are serious investor seeking positive cash flow and a CAP rate of 10% on your investment look no further, this complete package. In addition to the duplexes there are two approx. 12x20 cinder block storage units that are included with this purchase. Details: Units 8/10 have central heat and air. Units 16/18 have window AC, but central heat. All other units have cold/heat window units in the main living area and some have AC window units in bedrooms. All units are totally electric and are all up to code on electrical and plumbing. New roofs on units 8/10, 12/14, 24/26, 32/34, 51/53,64/66. Units with roofs under 5 years old 16/18, 20/22, 52/54, 55/57, 59/61, 63/65. Roofs under ten years or slightly older 28/30, 36/38. Roof scheduled for replacement (within 30 days) 60/62. There are 15 separate tax records for this property. Call Chuck Webber at 580-678-1769 for further information.
Listing courtesy of RE/MAX PROFESSIONALS (BO).