Great value apartment, close to Cameron university and Fort Sill Army base. There are 16 units, plus a duplex, totaling 18 rentals. Average rent is $5200 per month ($325 per unit) with expenses totaling $2000...cap rate=10%. The duplex contains a storage shed, and two vacant lots next door. the complex is electric only. Seller will finance 80% of purchase price (20 year loan @ 4% interest rate-fully amortized).
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