2320 S Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2320 S Main St
16 Unit Apartment Building $469,900 ($29,369/Unit) Grove, OK 74344
Investment Highlights
- Walking distance to Grand Lake.
- High Traffic area. Just off Hwy 59 (Main St) with Honeycreek Bridge visible.
- Huge forced appreciation potential.
Executive Summary
12 unit RV Park (18 hookups) and 4 Apts!
Income producing investment just a city stroll from the marina and Grand Lake. A one of a kind 4plex features two studio apts and two spacious 1 bedroom apts, all with impressive rents and rental history. Not to be outdone is the RV park on same parcel that has 12 spaces and 18+ hookups (expansion potential) all on city utilities including sewer. Electric is 30 and 50 amp and they all also have cable connections. Property is currently grossing nearly $9000 per month and has serious forced appreciation potential. See attached analysis.
Income producing investment just a city stroll from the marina and Grand Lake. A one of a kind 4plex features two studio apts and two spacious 1 bedroom apts, all with impressive rents and rental history. Not to be outdone is the RV park on same parcel that has 12 spaces and 18+ hookups (expansion potential) all on city utilities including sewer. Electric is 30 and 50 amp and they all also have cable connections. Property is currently grossing nearly $9000 per month and has serious forced appreciation potential. See attached analysis.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$113,808
|
$7.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,400
|
$0.33
|
| Effective Gross Income |
$108,408
|
$6.69
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,000
|
$2.47
|
| Net Operating Income |
$68,408
|
$4.22
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $113,808 |
| Annual Per SF | $7.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $0.33 |
| Effective Gross Income | |
|---|---|
| Annual | $108,408 |
| Annual Per SF | $6.69 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $2.47 |
| Net Operating Income | |
|---|---|
| Annual | $68,408 |
| Annual Per SF | $4.22 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
1 of 1
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2320 S Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.