19857 State Highway 49 - Medicine Park Y
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19857 State Highway 49 - Medicine Park Y
2 Unit Apartment Building Offered at $364,999 at a 7.07% Cap Rate in Medicine Park, OK 73557
Investment Highlights
- Plenty of room for additional storage or housing units.
- Located at a main intersection leading into Medicine Park and The Wichita Mountain Wildlife Refuge.
- Multiple revenue streams.
Executive Summary
This property features an all-electric two-bedroom duplex that is comprised of a living room, full kitchen, full bathroom and laundry room. Currently configured as a long-term rental. Could easily be converted into a short-term rental. The property also includes a large parking lot, 18 storage units and a billboard with four 6'x12' panels. The property is located in Medicine Park town limits and sits on State Highway 49 leading into the Wichita Mountain Wildlife Refuge. Listing agent is the Owner. Owner is a licensed real estate agent in Oklahoma, License #: 207858.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Lawn
- Patio
- Porch
Site Amenities
- Picnic Area
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $950.00 | 1,100 |
1 of 1
zoning
| Zoning Code | CI (Commercial Improved) |
| CI (Commercial Improved) |
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19857 State Highway 49 - Medicine Park Y
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