W Park Pl Ranch Sold

  • $49,000
  • 2 beds
  • 1 baths
  • 902 sqft

Opportunity:  This is a great opportunity to finish a rehab that’s already started, and reap the benefits.  This is a good working class neighborhood with lots of families.  This house features a great open floor plan.  There’s some work needed in the kitchen and bathroom, but the bones are in good condition.  It will be real easy to get a renter in this property at $800/per month.

Repairs: Repairs needed in SW corner of the house. Branch previously fell on the roof. Shingles have been replaced but still leaking and hole in the ceiling. Rest of the roof is in good condition. Roof was recently replaced. Rest of exterior is in good condition. Property is in the middle of rehab. Some painting, carpeting, and electrical wiring has been complete. Only two windows need to be replaced. Plumbing and wiring is in tact. No water heater. Central A/C. Needs new flooring.

Asking Price: $49,000 or Best Offer

Repairs: $17,500

After Repaired Value: $97,500 (Click Here to See Comps)

Investment Benefits

  • Gross Cap Rate 19.59%
  • Rental Cash on Cash Return 11%
  • Annual ROI 18.25%
  • Rents at $800/m
  • Cash Flow $9,600/yr
  • Stable property in great family neighborhood
  • Includes 1 Car Detached Garage
  • 2 bedroom/1 bath
  • Price for quick sale

Number of Bedrooms: 2

Style: Ranch

Current Occupancy: Vacant

Building Square Footage: 902 sq ft

Lot Size: 7,500 sq ft

Status: Under contract by Vestor Solutions, LLC. New Buyer will be assigned the contract to close. Price includes the assignment fee to Vestor Solutions, LLC.

This Property is offered for sale to qualified Buyers. Proof of funds is required with all offers.

Price:
$49,000
Address:
2732 W Park Pl
Oklahoma City, OK 73107
Square Feet:
902
Lot Size:
7500
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1926
Const. Type:
Frame

Additional Features

Parking: Garage - Detached, 370 sqft garage

Call 405-896-6696 for more details

Property Location

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