1306 North Irvington Avenue Unit A &B, Tulsa, OK 74115

$180,000
4
BD
2
BA
1,512
SqFt

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List Price
$180,000
Status
ACTIVE
MLS#
2626268
Bedrooms
4
Full-baths
2
Sq. Ft
1,512
Acres
0.16
Year Built
1965
Subdivision
Maplewood Ext Addn Replat

Property Description

Investor Opportunity! Income-producing property with a tenant already in place and a current lease in effect through February 28, 2027, providing immediate and stable rental income. The property is currently leased at $1,640 per month with market rent estimated at approximately $1,850 per month, offering excellent upside potential. At the projected market rent, the property has the potential to exceed the sought-after 1% rule (approximately 1.03%) and offers an estimated 8.0% pro forma cap rate before property management expenses (buyer to verify all figures and perform their own due diligence). With no HOA, reasonable annual property taxes, and strong rental fundamentals, this is an attractive opportunity for investors seeking immediate cash flow with the potential for increased returns as rents are brought to market levels. Whether you're looking to expand your portfolio or complete a 1031 exchange, this property offers both current income and future appreciation potential. Currently professionally managed by PMI Realty Solutions.

Additional Information

Style
Other
Stories
1
Foundation
Slab
Construction
Brick, Wood Frame
Floors
Tile
Exterior Features
None
Interior Features
None, Stone Counters, Gas Oven Connection
Appliances
Dishwasher, Disposal, Gas Water Heater, Other, Oven, Range
Amenities
None
Pool Description
None
Elementary School
Hamilton Elementary School
High School
Nathan Hale High School
Heating
Central, Gas
Cooling
Central Air, Window Unit(s)

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of PMI Green Country.

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