$300,000
If you are looking for an immediate income-generating property to add to your portfolio, this small apartment complex is a must-see. The property features a highly marketable mix of five total units, consisting of four spacious 2-bedroom, 1-bathroom apartments and one efficient, easy-to-maintain efficiency unit. Location is everything with this investment. The complex is situated in a highly popular, fast-growing area and sits just minutes from Fort Gibson Lake. This prime location makes it incredibly attractive to local renters who want easy access to the water and outdoor recreation, ensuring historically low vacancy rates. The best part about this property is that the heavy lifting is already done. It is being sold 100% fully occupied, allowing you to collect rental income on day one without dealing with immediate vacancy or leasing hassles. The four larger 2-bedroom units currently command $775 per month each, while the efficiency unit brings in a steady $575 per month. Together, the building generates a total monthly income of $3,675, translating to a solid gross annual income of $44,100.Wagoner is seeing steady rental demand, and small complexes like this near the lake are rarely available. Whether you are looking for a hands-off addition to an existing portfolio or a manageable property to start your investing journey, this building offers reliable, immediate cash flow with low overhead. Serious inquiries only. Do not disturb tenants. Financials and lease agreements can be provided upon request during the due diligence period. Buyer to verify all square footage, zoning, and utility configurations. Seller to close with T-Town Title. Listing agent has ownership interest in T-Town Title. Public is able to choose their own title company.
2631219
MLS
34251 E 700 Road, Wagoner