Current Use by Public Records
- Apartment buildings
Property Details for 116 Morgan St
- Year built
- 1950
- Lot size
- 0.36 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a unique blend of immediate income and future development potential in the heart of Tahlequah, Oklahoma. The property, located at 116 W Morgan Street, encompasses a 0.36-acre lot and features a main house and a fourplex building, totaling 6,185 square feet. Three of the four units in the back fourplex have undergone recent renovations and are currently rented, generating immediate cash flow. The main house, also part of the fourplex, and one remaining unit offer a blank canvas for creative redevelopment. The main house itself is a remodeled 2-bedroom, 1-bathroom residence. This property is ideally situated in downtown Tahlequah, providing easy access to local amenities, businesses, and attractions. The existing rental income, combined with the potential to renovate and lease the remaining unit and main house, presents a compelling investment opportunity for those seeking strong returns in a vibrant and growing market. The property's size and location make it suitable for a variety of uses, from continued multi-family rental to potential conversion into other commercial ventures. This is a rare chance to acquire a substantial property in a desirable downtown location with immediate income and significant upside potential. The property is priced at $425,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tahlequah
- County
- Cherokee
- State
- Oklahoma
- Longitude
- -94.9704
- Latitude
- 35.9173
