Current Use by Public Records
- Apartment buildings
Property Details for 2900 520 Rd
- Year built
- 2018
- Lot size
- 4.61 lot acres
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a portfolio of eight meticulously crafted duplexes situated on 4.6 acres in Pryor, Oklahoma. The property boasts a total of sixteen income-generating units, fifteen currently rented at competitive rates ranging from $1,375 to $1,645 per month. One duplex operates as a successful VRBO, generating $32,646.58 in 2024, with nightly rates ranging from $189 to $499 depending on the season and events like Rocklahoma and Born & Raised. Each three-bedroom, two-bathroom unit features a one-car garage, granite countertops, custom cabinets, and polished concrete floors, all within a full brick exterior. Individual electric and water meters are installed in each unit. The property benefits from a prime location adjacent to a walking trail and near a developing new district, further enhanced by its proximity to the Mayes County Industrial Park (MAIP), one of the world's largest industrial parks, ensuring consistent tenant demand. Recreational amenities such as Lake Hudson are within easy reach, along with major cities like Tulsa (30-minute drive) and Arkansas (45-minute drive). The property's location also offers convenient access to the proposed American Heartland Theme Park & Resort in Vinita, Oklahoma (45-minute drive). Further development potential exists, with space available for the construction of an additional five to seven duplexes, utilizing existing city utilities. This property offers a diverse range of revenue streams and significant potential for future growth in a thriving economic and recreational area.
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
- Pryor
- County
- Mayes
- State
- Oklahoma
- Longitude
- -95.3078
- Latitude
- 36.264
