803 E Florida ST Active Save Request In-Person Tour Request Virtual Tour
Durant,OK 74701
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,488 sqft
Price per Sqft $451
Subdivision Hillcrest
MLS Listing ID 2443958
Style Contemporary
Bedrooms 15
Full Baths 12
Year Built 1983
Annual Tax Amount $4,680
Tax Year 2024
Lot Size 1.287 Acres
Property Sub-Type Quadruplex
Property Description
Located just minutes from downtown Durant, this beautifully renovated residential property offers 12 rental units spread across four buildings: 1 duplex (1744 SDF, 2 triplexes (each 2616 SF), and 1 quadriplexd (3488 SF) for a total of 24 bedrooms and 12 baths. Situated on E. Florida St. and Holcomb Ave., the properties are fully leased and have enjoyed minimal vacancy over time, with rents held steady since the renovations.
Each unit features 2 bedrooms, 1 bathroom, a kitchen, living room, and bath, offering approximately 872 sq. ft. of living space. (NOTE: There are 12 units - there are 24 bedrooms.) These units are ideal for tenants seeking comfort and convenience, with proximity to local amenities, including Lake Texoma, Choctaw Casino, and the rapidly expanding city of Sherman.
With a solid cap rate near 7.5%, this property is an excellent investment opportunity in a growing market. Durant is experiencing strong demand for rental properties, and rents are on the rise. This is the perfect time to invest and be part of the area's growth, driven by nearby developments like new chip plants in Sherman.
Addresses include:
East Florida St: 803, 805, 807, 809, 811, 813, 815, 817
Holcomb Ave: 201, 203, 205, 207
Don't miss out—this property offers both immediate income and long-term potential.
Location
State OK
County Bryan
Rooms
Other Rooms None
Interior
Heating Central,Gas
Cooling Central Air
Flooring Vinyl
Laundry Washer Hookup
Exterior
Exterior Feature None
Fence None
Pool None
Utilities Available Natural Gas Available,Water Available
Roof Type Asphalt,Fiberglass
Building
Lot Description Corner Lot,Wooded
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonite,Wood Frame
Schools
Elementary Schools Durant
High Schools Durant
School District Durant - Sch Dist (58)
Others
Acceptable Financing Conventional
Listing Terms Conventional