Address
1817 Melody Drive Midwest City, OK
Price
$ 126,000
Property Attributes
  • MLS#957232
  • TypePending
  • CountyOKLAHOMA
  • CityMidwest City
  • NeighborhoodRhapsody Heights
  • Zip73130
  • StyleTraditional
  • Price$ 126,000
  • Bedrooms4
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1265
  • Lot Size9,100 SqFt
Listing Provided Courtesy Of:
Robert R Williams with Interwest Realty
Data Source:
Oklahoma City Metro MLS (OKCAR) - 53 - OK
Property Description

This 9.0% CAP RATE offering is for a package purchase of 24 Single Family homes which are all located in Midwest City, OK. Midwest City is home to Tinker Air Force base which employs more than 26,000 military and civilian employees making it the largest single-site employer in Oklahoma. This package maintains 100% occupancy with the average tenancy of 3-yr 9-mos. All the tenants are market rate tenants with no housing assistance. Most of the tenants are below current market rates and have not sen an increase since their lease inception. All homes offer central heat/air, are all updated with no deferred maintenance issues. This is an excellent TURN-KEY investment opportunity. Please see attachments for RENT ROLLS and INCOME/EXPENSE ANALYSIS.

Elementary School Middle School High School
Barnes ES Carl Albert MS Carl Albert HS
Price History
5/15/2021 Listed $126,000

General Features

Construction Other
Garage Refer to Remarks
Legal Addition Rhapsody Heights
Property Level One
Roof Composition
School District Midwest City/Del City
Sub Type Single Family

Interior Features

Cooling System Central Elec
Fireplace Desc None
Heating System Central Gas

Exterior Features

Exterior Features None
Foundation Conventional
Land Sq Ft 9100
Lot Description Interior

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 73130

Price
AVG $240K
$130K
Visits
AVG 20
50
Year Built
AVG 1991
1959

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