RARE! High Occupancy/ CAP Rate Portfolio

**PRICE DROP** to $642,000!
Rare opportunity to own a high performing real estate portfolio in Ponca City, OK. Mixed portfolio of commercial and residential properties with 90-100% occupancy currently rented below market rates. Several properties currently undergoing remodels and expect to be ready to list by November 2023. Two years of rent rolls available for all properties. Individual owner reaching retirement age wishing to be less involved with property management and ownership. 2023 Projected Net Operating Income = $75,657. According to Federal Reserve Economic Data (FRED Database) Home Values have risen approximately 55% in Kay county over the last decade as of January 2022.
Reach out today to learn more about this rare investment opportunity! It won't stay on the market long!
"Ponca City, Oklahoma, nestled in the heart of the Sooner State, exudes a unique charm that captures the essence of small-town America. Ponca City boasts a rich blend of history, culture, and a warm sense of community. Located along the scenic banks of the Arkansas River, and beside both Kaw and Ponca Lake, Ponca City offers residents and visitors alike a picturesque backdrop for everyday life.
?What truly sets Ponca City apart, is its vibrant arts and cultural offerings. There are several galleries, museums, historic and cultural points of interest to keep you busy for days! Nature enthusiasts will find solace in the serene landscapes surrounding Ponca City. The nearby Lake Ponca provides a tranquil escape for fishing, boating, and picnicking, while Marland Estate Mansion and the Standing Bear Park offer historical insights into the region's past. Ponca City places a strong emphasis on preserving its natural treasures, ensuring a greener future for generations to come."
- https://www.visitponcacity.com

"Ponca City welcomes and encourages the creation of new jobs. In a variety of work sectors, business incentives may be available to assist companies in relocating to Ponca City.

If your company is involved in manufacturing, aviation, back office or food processing, PCDA offers some of the most flexible and streamlined incentives programs in the nation designed to make Ponca City an easy location choice. Incentive levels are based upon the number of jobs created and the wages paid and can be customized to fit most projects. A simple agreement and a single vote by the PCDA Board of Trustees is all that is required.

In addition to local incentives, the State of Oklahoma, through the Oklahoma Department of Commerce, has some of the most aggressive business incentive programs in the nation. The “Quality Jobs Act” program is an internationally recognized program that provides a cash rebate of up to 5% for up to 10 years for qualifying companies. There are also state incentive programs that provide property tax abatement for a period of time, sales tax exemptions, credits for certain industries and much more. Etc...

Ponca City is also home to one of the finest workforce training centers in the country. Pioneer Technology Center, a campus of the Oklahoma Department of career and technical education, can provide customized training in a wide range of disciplines to prepare your workforce for the fast changing, adaptive workplace of tomorrow. In addition, the University center in Ponca City provides a number of degree programs to further accelerate the growth of business opportunities."
- https://www.goponca.com/