Investor Opportunity! Income-producing property with a tenant already in place and a current lease in effect through February 28, 2027, providing immediate and stable rental income. The property is currently leased at $1,640 per month with market rent estimated at approximately $1,850 per month, offering excellent upside potential. At the projected market rent, the property has the potential to exceed the sought-after 1% rule (approximately 1.03%) and offers an estimated 8.0% pro forma cap rate before property management expenses (buyer to verify all figures and perform their own due diligence). With no HOA, reasonable annual property taxes, and strong rental fundamentals, this is an attractive opportunity for investors seeking immediate cash flow with the potential for increased returns as rents are brought to market levels. Whether you're looking to expand your portfolio or complete a 1031 exchange, this property offers both current income and future appreciation potential. Currently professionally managed by PMI Realty Solutions.
| MLS # | 2626268 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 83 |
| Listing Provided By | PMI Green Country | Vikesh Patel |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,512 |
| Story(s) | 1 |
| Acreage | 0.16 |
| Lot Features | None |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Shared Driveway |
| Tax Annual Amount | 2447 |
|---|
| State | OK |
|---|---|
| County | Tulsa |
| City | Tulsa |
| Zip Code | 74115 |
| Community Name | MAPLEWOOD EXT ADDN REPLAT |
| Listing VS Median (in MAPLEWOOD EXT ADDN REPLAT) | |
Price: $169,495 low | high Med: $165,298 sqft: 1,512 low | high Med: 1,512 $ / sqft: $112 low | high Med: $109 On site: 83 low | high Med: 71 | |
| State | OK |
|---|---|
| County | Tulsa |
| City | Tulsa |
| Zip Code | 74115 |
| Community Name | MAPLEWOOD EXT ADDN REPLAT |
| Listing VS Median (in MAPLEWOOD EXT ADDN REPLAT) | |
Price: $169,495 low | high Med: $165,298 sqft: 1,512 low | high Med: 1,512 $ / sqft: $112 low | high Med: $109 On site: 83 low | high Med: 71 | |