Large beautifully renovated residential rental property located just minutes from downtown Durant - this unit represented here is 1 of 12 rental units spread across four buildings: 1 duplex - 2 units (CH - 1458 SF duplex - each unit is 729 SF), 2 triplexes - 6 units (CH - 2553 SF - each unit is 851 SF), and 1 quadriplex - 4 units (3500 SF - 4 units) 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 has a refrigerator, stove, microwave, stackable washer-dryer, and a front and back concrete porch. With a 10% cap rate, this propery (one abstract for all 4 buildings) is a great opportunity with incoming income from your first day of ownership. 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.

Listing courtesy of Carol Layman of Better Homes & Gardens, Winans



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Last checked: 2025-08-27 08:43 AM UTC