301 Main StStroud, OK 74079

Property Details for 301 Main St

Year built

1980

Lot size

0.44 AC

Property size (Sq ft)

1,280 SF

Property type

Motels

APN

6005-00-002-009-0-000-00

APU

600500002009000000

Description

This exceptional investment property, located at 301 E Main Street in Stroud, Oklahoma, presents a rare opportunity to acquire a thriving 12-unit apartment community. Situated on a 0.44-acre lot, the property boasts a total of 4,722 square feet of living space. The unit mix includes five studio apartments, five one-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one additional one-bedroom/one-bathroom unit, providing a diverse range of housing options to attract a wide tenant base. Its prime location near schools and businesses ensures consistent occupancy and strong rental demand. The property's current configuration offers significant cash flow potential, making it an ideal investment for those seeking a high-performing asset with immediate returns. The asking price is $375,000. This is a turnkey investment ready for a new owner to step in and manage. The property's strong tenant base and desirable location contribute to its exceptional investment potential. Don't miss this chance to acquire a well-established multifamily property in a thriving Oklahoma community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $206,216

  6.5%

  $190,354

  7%

  $176,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,923

  Geo Method

  $361,923

• Alternative Use

  Use

  Valuation

  Residential

  $207,811

  Hospitality

  $190,354

  Educational

  $158,372

  Medical

  $163,819

  Retail

  $246,356

Location Insight

City

Stroud

County

Lincoln

State

Oklahoma

Latitude

35.7494

Longitude

-96.651

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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