317 A St Ardmore, OK 73401
- Commercial real estate
- 3,800 SF
Current Use by Public Records
- Commercial real estate
Property Details for 317 A St
- Year built
- 1950
- Property size
- 3,800 SF
- Property type
- Commercial real estate
Description
This two-story apartment building in Ardmore, Oklahoma, presents a compelling investment opportunity. Located at 317 NW A Street, 73401, this multifamily property boasts 3,800 square feet on a 6,534 square foot lot. Built in 1950, the building currently generates $3,000 in monthly income from its four units. Recent updates have been completed, and the units are currently rented below market value, primarily to long-term tenants, suggesting potential for increased revenue. The asking price is $375,000, translating to $98.68 per square foot. This property offers significant upside potential due to the below-market rents and the availability of two additional lots for purchase (separate transaction). The property's prime downtown Ardmore location adds further value. This is an excellent opportunity for investors seeking a stable, income-generating asset with room for growth.
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
- -97.1311246
- Latitude
- 34.1687752
