9.3% Cap Rate with 96.9% Historic Occupancy for these 9 side by side duplexes that are in fantastic condition. 6 were built starting in 2012 and the other 3 were constructed in 2016. All units are identical with 3 beds and 1 bath, and all are receiving Section 8 housing through the Tulsa Housing Authority. The rents were just approved to be increased to $850/mo and as tenants existing leases come up for renewal they will be renewed at this higher rate. Each unit is individually metered for Electric and Water and paid by each tenant. The properties have zero deferred maintenance and will make for a trouble free investment. Please see current Rent Roll and Income/Expense analysis under attachments.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
