Investment Opportunity: 203 Hopkins Ave, Poteau, OK Multi-Family Residence
Investors take note: 203 Hopkins Ave is a remarkable opportunity in Poteau, OK. This multi-family property has 8 units rented for $500/month on 12 month lease. Each of these units offer 2-bedroom, 1 bathroom, approximately 450 sq. ft., Oven Range, Refrigerator, AC/Heat split unit, electric water heater, and combination of carpet and vinyl flooring.
Key Highlights:
Excellent Cash Flow Potential: With a strong occupancy history, this property promises a stable income stream.
Desirable Location: Situated on the corner of Hopkins and Folsom St, less than a mile from the Poteau High School and Broadway (main street through Poteau), this property is near all your major conveniences including shopping, hospitals, clinics, restaurants and more, the location attracts a consistent rental market and assures high demand.
Additional Lot: The property comes with additional acreage, leaving room for expansion of the apartments or whatever your imagination could think of.
Turnkey Units: Each unit features Oven Range, Refrigerator, AC/Heat split unit, electric water heater, and combination of carpet and vinyl flooring.
Well-Maintained Building: Pride of ownership shows in the well-maintained exterior and common spaces.
Additional Advantages:
On-site amenities including parking lot for tenants.
Proximity to major employment centers and economic hubs
User-friendly lease terms encourage long-term tenancy.
Meticulously landscaped grounds, providing an attractive setting for residents.
This property is not just a building; it's a stable asset offering both immediate returns and long-term value appreciation. Whether you're expanding your portfolio or stepping into multi-family investments, this asset presents a strategic acquisition in a growth-oriented market.
To schedule an exclusive property tour or for more information call us today!
Sold for $395,000 on 06/24/24
$395,000
203 Hopkins Ave, Poteau, OK 74953
2beds
1baths
3,600sqft
Multi Family, Apartment
Built in 1965
-- sqft lot
$406,000 Zestimate®
$110/sqft
$863 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 24, 2024 at 12:44pm
Listed by:
Brian Minks 479-629-0691,
Shockley-Cooper Realty & Auctions
Bought with:
NON MLS Fort Smith, 0
NON MLS
Source: Western River Valley BOR,MLS#: 1071431Originating MLS: Fort Smith Board of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Electric, Other
Cooling
- Electric
Appliances
- Included: Some Electric Appliances, Electric Water Heater, Range, Refrigerator, Range Hood
Features
- Flooring: Carpet, Vinyl
Interior area
- Total interior livable area: 3,600 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Exterior features: Concrete Driveway
- Fencing: None
Lot
- Size: 0.96 Acres
- Features: Corner Lot, City Lot, Near Park
Details
- Parcel number: Q00100052000000400
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick, Masonite
- Foundation: Slab
- Roof: Architectural,Shingle
Condition
- Year built: 1965
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Community
- Community features: Near Fire Station, Near Hospital, Near Schools, Park, Shopping
Location
- Region: Poteau
- Subdivision: Poteau Main Town
Other
Other facts
- Road surface type: Paved