315 E Modoc Avenue, McAlester, OK 74501

TURN KEY RENTAL INVESTMENT OF 8 UNITS, FULLY OCCUPIED WITH MANY CAPITAL IMPROVEMENTS COMPLETED.  Modoc Apartments is an upscale three-unit apartment with a two-story 4-plex and two duplexes.  The 4-plex offers 3 bedrooms and 2.5 bathrooms with a two-car garage, washer/dryers, refrigerators, stoves, microwaves, and dishwashers. The roof and gutters are less than 2 years old.  The duplex facing Modoc has 2 spacious bedrooms and 2 full bathrooms, appliances, and a single-bay garage. The most recently built duplex, facing 3rd street, is a 2 bedroom plus an office area and two car garage with appliances.  Currently, the owner pays for water/trash and yard maintenance and has invested a lot into capital improvements, such as central heat and air, painting, flooring, roof, gutters, french drain, and more.  NOI is $81,265.68 after management fees, taxes, insurance, water, and lawn and CAP is 6.25%