BEDS4
BATHS2 full
SQUARE FEET1,512
MLS#2626268
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMAPLEWOOD EXT ADDN REPLAT
SCHOOLTulsa - Sch Dist
Property Description
Investor Opportunity! Income-producing property with a tenant already in place and a current lease in effect through February 28, 2027, providing immediate and stable rental income. The property is currently leased at $1,640 per month with market rent estimated at approximately $1,850 per month, offering excellent upside potential. At the projected market rent, the property has the potential to exceed the sought-after 1% rule (approximately 1.03%) and offers an estimated 8.0% pro forma cap rate before property management expenses (buyer to verify all figures and perform their own due diligence). With no HOA, reasonable annual property taxes, and strong rental fundamentals, this is an attractive opportunity for investors seeking immediate cash flow with the potential for increased returns as rents are brought to market levels. Whether you're looking to expand your portfolio or complete a 1031 exchange, this property offers both current income and future appreciation potential. Currently professionally managed by PMI Realty Solutions.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Heating: Central, Gas
Lot Size: 0.16 Acres
Roof Type: Asphalt, Fiberglass
Stories: 1.0
Taxes: $2,447
Year Built: 1965
Amenities
None
Stone Counters
Gas Oven Connection
None
Feature Descriptions
Appliances: Dishwasher, Disposal, Gas Water Heater, Other, Oven, Range
Association Amenities: None
Days on Site: 6
Exterior: Brick, Wood Frame
Fencing: Chain Link
Flooring: Tile
HOA Y/N: No
Lot: None
Parcel#: 83818-84-09-25800
Parking: Shared Driveway
Parking Notes: Shared Driveway
Patio/Porch: None
Security: No Safety Shelter
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Other, Phone Available
Water: Public
Window: Vinyl
Local Schools
High School: Nathan Hale High School
Elementary School: Hamilton Elementary School
School District: Tulsa - Sch Dist
Listed By / Shown By
Listed By
Agency Name: PMI Green Country
Shown By
Agent Name: Michael Urie
Agent Phone: (918) 637-3415
Agency Title: Solid Rock Realtors
Estimate Your Payment
Estimated Payment
$ 657.02 per month $400.60 Principal & Interest $203.92 Property Tax $52.50 Homeowner's InsuranceChange Payment Information
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1306 North Irvington Avenue, Unit A &B | MLS# 2626268
This multi-family property located at 1306 North Irvington Avenue, Unit A &B, Tulsa, OK 74115 is currently listed for sale with an asking price of $180,000. North Irvington Avenue, Unit A &B is located within the Tulsa - Sch Dist school district. Search Tulsa real estate on www.michaelurie.com today.