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1728 S 8th Street

Chickasha, OK 73018
  • $299,000
  • STATUS: Active
  • ON SITE: 225 days
  • MLS #: 938880
UPDATED: 34 min ago
$299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Manufactured Home
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Will Fraser of Craftsman Real Estate Services.

Description

Buy an estimated and real 10.35% cash-on-cash return via seller financing with a $140k down payment or a cash purchase that deploys capital at an 12.27% cash-on-cash return clip! In addition to upgrading the homes and property with over $70k in improvements the owner has upgraded the tenant base and has worked to place the best tenants this asset class can attract.? Given the aesthetic improvements and the upgrades in tenants it's not hard to see what will happen when the two remaining mobile homes are renovated ($16k per home estimated to get it to the market rent value) and the empty pad is filled.? You've got a glide-path to the optimal cap rate and cash-flowing asset that will perform for years and will give you a multitude of options.?Summary10 pad MH site9 homes on site1 vacant pad7/9 homes have been repositioned and upgradedExcellent equity and upside for the buyer by continuing the reposition on the remaining two homes and placing a home on the empty pad.

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©2021 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided “as is”. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Data last updated: 2021-07-31T11:02:03.457.
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1728 S 8th Street Chickasha, OK 73018

  • Price: $299,000
  • Status: Active
  • Updated: 34 min ago
  • MLS #: 938880
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Highland Park
County:
Grady
Elementary School:
Lincoln Es
Middle School:
Chickasha Ms
High School:
Chickasha Hs
School District:
Chickasha
Property Description
Buy an estimated and real 10.35% cash-on-cash return via seller financing with a $140k down payment or a cash purchase that deploys capital at an 12.27% cash-on-cash return clip! In addition to upgrading the homes and property with over $70k in improvements the owner has upgraded the tenant base and has worked to place the best tenants this asset class can attract.? Given the aesthetic improvements and the upgrades in tenants it's not hard to see what will happen when the two remaining mobile homes are renovated ($16k per home estimated to get it to the market rent value) and the empty pad is filled.? You've got a glide-path to the optimal cap rate and cash-flowing asset that will perform for years and will give you a multitude of options.?Summary10 pad MH site9 homes on site1 vacant pad7/9 homes have been repositioned and upgradedExcellent equity and upside for the buyer by continuing the reposition on the remaining two homes and placing a home on the empty pad.
Exterior Features

Construction Manufactured Parking Gravel Drive Roof Metal Style Other

Interior Features

Baths Total 0.00 Efficiency Units 0 Foundation Combination One Bedroom Units 0 Three Bedroom Units 1 Two Bedroom Units 8

Property Features

Conditions Affecting Sale None Mandatory Association Dues YN No Property Sub Type Other Rent 4108.00 Terms Of Sale As is ConditionCashSeller Will Finance

©2021 MLSOK, Inc.
Listing provided courtesy of Will Fraser of Craftsman Real Estate Services.


©2021 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided “as is”. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Data last updated: 2021-07-31T11:02:03.457.
 
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Keller Williams Realty Elite
5629 N Classen Blvd
Oklahoma City OK, 73118
Offered by Will Fraser of Craftsman Real Estate Services.