9.3% Cap Rate with 96.9% Historic Occupancy for these 9 side by side duplexes that are in fantastic condition. 6 were built starting in 2012 and the other 3 were constructed in 2016. All units are identical with 3 beds and 1 bath, and all are receiving Section 8 housing through the Tulsa Housing Authority. The rents were just approved to be increased to $850/mo and as tenants existing leases come up for renewal they will be renewed at this higher rate. Each unit is individually metered for Electric and Water and paid by each tenant. The properties have zero deferred maintenance and will make for a trouble free investment. Please see current Rent Roll and Income/Expense analysis under attachments.
Off market
Zestimate®
$2,361,900
6001 S Madison Ave, Tulsa, OK 74105
54beds
19,800sqft
More Than 4 Units
Built in 2012
-- sqft lot
$2,361,900 Zestimate®
$119/sqft
$1,066 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 54
- Bathrooms: 18
- Full bathrooms: 18
- Main level bathrooms: 18
- Main level bedrooms: 54
Interior area
- Total interior livable area: 19,800 sqft
Property
Features
- Exterior features: Stone, Brick
Details
- Parcel number: 6001SMadison74105
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: More Than 4 Units
Materials
- Roof: Composition
Condition
- Year built: 2012
Community & neighborhood
Location
- Region: Tulsa
HOA & financial
Other financial information
- Total actual rent: 850
Other
Other facts
- FoundationDetails: Slab
- BusinessType: Residential
- NumberOfUnitsTotal: 18
- Roof: Composition
- PetsAllowed: No
- ArchitecturalStyle: Traditional
- CurrentUse: Multi-Family
- TotalActualRent: 850.00
- OpenParkingYN: true
- PossibleUse: Residential
- ConstructionMaterials: Stone Veneer, Brick & Frame
- YearBuiltDetails: Existing
- LivingAreaSource: tax assessor
- StoriesTotal: 1.0000
- PropertySubType: More Than 4 Units
- StructureType: More Than 4 Units
- MainLevelBathrooms: 18.00
- MlsStatus: Pending
- GrossIncome: 173094
- MainLevelBedrooms: 54
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$2,361,900
2% more+$47,238
With Zillow Showcase(estimated)$2,409,138