UPDATED:
01/04/2025 12:00 AM
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
HOA Y/N No
Total Fin. Sqft 3488
Year Built 1983
Annual Tax Amount $4,680
Tax Year 2024
Lot Size 1.287 Acres
Acres 1.287
Property Sub-Type Quadruplex
Property Description
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
Direction North
Rooms
Other Rooms None
Basement None
Interior
Interior Features Central Vacuum, Granite Counters, High Speed Internet, Ceiling Fan(s)
Heating Central, Gas
Cooling Central Air
Flooring Vinyl
Fireplace No
Window Features Vinyl
Appliance Dryer, Microwave, Oven, Range, Stove, Washer, Gas Oven, Gas Water Heater
Heat Source Central, Gas
Laundry Washer Hookup
Exterior
Exterior Feature None
Fence None
Pool None
Utilities Available Natural Gas Available, Water Available
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch None
Garage false
Building
Lot Description Corner Lot, Wooded
Faces North
Entry Level One
Foundation Slab
Lot Size Range 1.287
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories One
Additional Building None
Structure Type Masonite,Wood Frame
Schools
Elementary Schools Durant
High Schools Durant
School District Durant - Sch Dist (58)
Others
Senior Community No
Tax ID A 120--00-002-002-0-000-00
Security Features No Safety Shelter,Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
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Bill Crouch
Agent - Wichita Falls Team Lead | License ID: 493718
Agent - Wichita Falls Team Lead License ID: 493718