1206 Bixby St Ardmore, OK 73401
- Residential income homes
- 2,237 SF
Current Use by Public Records
- Residential income homes
Property Details for 1206 Bixby St
- Year built
- 1935
- Property size
- 2,237 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a four-plex located in the highly sought-after southwest Ardmore area. The portfolio comprises four single-family rental properties totaling 2,237 square feet on a 7,405 square foot lot. Built in 1935, this two-story property currently generates a substantial monthly income of $6,000. Individual units offer varying layouts and rental rates: one 2-bedroom, 1-bathroom unit rents for $1,400; another 3-bedroom, 2-bathroom unit commands $1,600 per month; and two additional units, each with 3 bedrooms and 2 bathrooms, also rent for $1,400 and $1,600 respectively. The properties are situated on adjacent lots, offering convenience and potential for future development or synergy. This turnkey investment is priced at $675,000, representing a compelling price per square foot of $301.74. The strong rental history and desirable location make this a rare opportunity for investors seeking immediate cash flow and long-term appreciation in a stable market. This is a fantastic opportunity to acquire a proven income-generating asset in a thriving area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.1438034
- Latitude
- 34.1717444
