Address
2900 W 520 Road, Pryor, OK
Price
$ 3,200,000
Property Attributes
- MLS#2404994
- TypeCommercial
- CountyMAYES
- CityPryor
- NeighborhoodMayes Co Unplatted
- Zip74361
- StyleApartment
- Year Built2018
- Taxes$ 22315
- Price$ 3,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage19376
- Lot Size4.61 Acres
Data Source:
MLS Technology
Property Description
Prime Duplex Portfolio in Mayes County: Explore an exceptional investment opportunity beyond traditional stocks & bonds w/this meticulously crafted portfolio of 8 duplexes nestled on 4.6 acres M/L. Offering a total of 16 income-generating units, this property presents a diverse range of revenue streams in a thriving economic & recreational hub. Property Highlights: 8 duplexes, each housing 2 units, providing a total of 16 rental opportunities. 15 units currently rented out at competitive rates ranging from $1300 to $1400 per month for each side. 1 duplex utilized as a VRBO, generating an average income of $25,000 annually. Additional space available for the construction of 5 to 7 more duplexes w/city utilities added. These exceptionally built 3-bedroom, 2-full bath units with 1-car garages, features high-quality materials including granite counters, custom cabinets, & polished concrete floors with full brick exteriors. Each unit equipped with individual electric & water meter. LOCATION ADVANTAGE: Adjacent to a picturesque walking trail & close to the emerging new district, enhancing the property's appeal to both residents & visitors. Strategically situated in proximity to the Mayes County Industrial Park (MAIP), spanning 9000+ acres & ranked as the 8th largest industrial park globally. Continuous demand for housing due to the presence of MAIP ensures a steady influx of potential tenants. Convenient access to recreational amenities including Lake Hudson, boasting a shoreline of 200+ miles. Within easy reach of major cities, with Tulsa just a 30-minute drive away & Arkansas accessible within 45 minutes. 45 minutes from the purposed new American Heartland Theme Park & Resort in Vinita OK. INVESTMENT POTENTIAL: Diversify your investment portfolio w/tangible real estate assets offering stable cash flow & long-term appreciation potential. Capitalize on the high demand for housing in the area & the scarcity of quality rental properties to maximize returns on investment.
| Price History | |
|---|---|
| 2/8/2024 | Listed $3,200,000 |
General Features
| Interior Features | HighCeilings,InternalExpansion,Other,CableTV,CeilingFans,ProgrammableThermostat |
|---|---|
| Sewer | AerobicSeptic |
| Heating | Central,Electric,HeatPump |
| Cooling | CentralAir |
| Utilities | CableAvailable,ElectricityAvailable,WaterAvailable |
| Possession | CloseOfEscrow |
| Roof | Composition |
| Exterior Features | Lighting,SatelliteDish |
| Garage Spaces | 1.0 |
| Security Features | SmokeDetectors |
| Construction Materials | Brick |
| Year Built | 2018 |
| Electric | Item220Volts |
| Tenant Pays | AllUtilities,Insurance |
| Stories | 1 |
| Levels | One |
| Property SubType | Apartment |
| Tax Year | 2023 |
| Gross Income | 266500.0 |
| Waterfront Features | BoatRampLiftAccess |
| Community Features | Sidewalks |
| County | Mayes |
| Net Operating Income | 256120.0 |
| Operating Expense | 10380.0 |
| New Construction | No |
| Property Type | CommercialSale |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Energy Efficient | Doors,Insulation,Windows |
| Subdivision Name | Mayes Co Unplatted |
| Possible Use | Other |
| Garage Y/N | Yes |
| Green Indoor Air Quality | Ventilation |
| Total Rooms | 112 |
| Status | Active |
| Directions | From Hwy 69A and Hwy 69 go east on Hwy 69A Approx. 1.5 miles Turn North,(left) on Elliott St or S430 Rd,go North 1 mile,Duplexes will be on the Right. |
| City | Pryor |
| Buyer Agent Compensation | 2.25% |
| Body of Water | Hudson Lake |
| View Y/N | No |
| Senior Community Y/N | No |
| High School District | Pryor - Sch Dist (M1) |
| Zoning Description | Res-Nec |
| Lot Size Square Feet | 200811.0 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 520 |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 22315.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 9 |
| Standard Status | Active |
| Middle/Junior School District | Pryor - Sch Dist (M1) |
| Elementary School District | Pryor - Sch Dist (M1) |
| Year Built Source | Builder |
| Property Sub Type Additional | Apartment |
| MobileHomeRemainsYN | No |
Interior Features
| Flooring | Carpet,Concrete |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | InsulatedWindows |
| Fireplace Y/N | No |
| Street Suffix | Road |
| Electric On Property Y/N | No |
| LivingAreaSource | PublicRecords |
Exterior Features
| Fencing | None |
|---|---|
| Parking Features | Garage,OneCarGarage,Paved,TwoorMoreSpaces |
| Water Source | Public |
| Lot Size Area | 4.61 |
| Foundation Details | Slab |
| Spa | No |
| Building Area Total | 19376.0 |
| Lot Size Acres | 4.61 |
| Frontage Length | 320 |
| Lot Size Units | Acres |
| Door Features | InsulatedDoors |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 74361
Price
Taxes
Visits
Year Built
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