Spirit Realty Group, LLC
Spirit Realty Group, LLC
Email: [email protected]

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listing
1 of 18
CommercialFor Sale
$175,000
813 N University
Seminole, OK 74868
Listing courtesy of Pam Robinson of Pam Robinson Real Estate
MLS: MLS Technology Inc
2,160Sq Ft
Est. Mortgage
$1,003/mo

Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. Inside pictures coming soon. Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 for a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less). Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio. **This info is an estimation of taxes, insurance, rent & occupancy rates.** Inside pictures to come.

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Information courtesy of Pam Robinson Real Estate is subject to verification and is not guaranteed.
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