1206 Bixby St Ardmore, OK 73401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.