1. Oklahoma
  2. Durant
  3. 803 E Florida Street
$1,350,000

803 E Florida Street, Durant, OK 74701

  • 15 beds |
  • 12 baths |
  • 3,488 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1983
  • Property Lot Size Icon1.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $387/sqft
  • Property List Date Icon Listed 7 months ago

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.

Listing Status:
Active
Date Added:
December 15, 2024 at 06:00AM
Listing Office:
Better Homes & Gardens, Winans : (972) 744-9888
Listing Agent:
Carol Layman : (903) 814-8845
MLS ID:
2443958
  • General: Granite CountersHigh Speed InternetCeiling Fan(s)Gas Oven Connection
  • Appliances: DryerGas Water HeaterMicrowaveOvenRangeStoveWasher
  • Laundry: Washer Hookup
  • Basement: None
  • Flooring: Vinyl
  • A/C: Central Air
  • Heating: CentralGas
  • Fireplace: Fireplaces: 0

This listing courtesy of Carol Layman, Better Homes & Gardens, Winans

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

D

Durant Intermediate Elementary School

1314 Waco St, Durant, OK, 74701

Grades 4-6

2.01 miles away

D

Durant Middle School

802 W Walnut St, Durant, OK, 74701

Grades 7-8

1.40 miles away

D

Durant High School

950 Gerlach Dr, Durant, OK, 74701

Grades 9-12

2.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.