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    1728 S 8th Street

    Chickasha, OK 73018
    • $350,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 938880
    Price Reduced
    UPDATED: 14 min ago
    $350,000
    • 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 a current current current 9.3% cap, true 5.36% CAP (based on 12-month trailing numbers) with a proven path to a 12%+ cap rate by continuing the sellers repositioning.? 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.?Summary?10 pad MH site?9 homes on site?1 vacant pad?7/9 homes have been repositioned and upgraded?Excellent 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: 2021-01-24T07:02:02.593.
    www.erhardtgroup.com/homes/112688217
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    1728 S 8th Street Chickasha, OK 73018

    • Price: $350,000
    • Status: Active
    • Updated: 14 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 a current current current 9.3% cap, true 5.36% CAP (based on 12-month trailing numbers) with a proven path to a 12%+ cap rate by continuing the sellers repositioning.? 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.?Summary?10 pad MH site?9 homes on site?1 vacant pad?7/9 homes have been repositioned and upgraded?Excellent 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 ConditionCashSpecial Financing

    ©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: 2021-01-24T07:02:02.593.
     
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    Erhardt Group LLC at Keller Williams Mulinix OKC
    3421 W. Rock Creek Rd
    Norman OK, 73072
    Offered by Will Fraser of Craftsman Real Estate Services.