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Off market
  • $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

    List your home for rent

    $1,066/mo

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    $1,066/mo

    Rent Zestimate®

    Refinance and save

    $11,776/mo

    Est. payment

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    $11,776/mo

    Est. payment

    What's special

    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.

    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
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    $2,361,900
    2% more+$47,238
    With Zillow Showcase(estimated)$2,409,138