sinclair 48 information packet - loopnet€¦ · • norman is a city in the u.s. state of oklahoma...
TRANSCRIPT
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GRANT WORTMAN 405-308-7509 [email protected]
PROPERTY PACKAGE 24 BUILDINGS/DUPLEXES ON BEAUMONT DR AND SINCLAIR DR IN NORMAN
48 TOTAL UNITS RENTING FROM $595-$900 PER MONTH
PRIME FOR REPOSITIONING OR CASH FLOW
PRICE $2,500,000
OFFERING MEMORANDUM
SINCLAIR/BEAUMONT DUPLEX PACKAGENORMAN OKLAHOMA
WORTMAN REALTY TEAM METRO BROKERS OF OKLAHOMA
405-308-7509 [email protected]
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GRANT WORTMAN 405-308-7509 [email protected]
TABLE OF CONTENTSEXECUTIVE SUMMARY
THE OFFERING
INVESTMENT SUMMARY
INVESTMENT HIGHLIGHTS
THE PROPERTY
RENT ROLL AND UNIT NOTES
PROPERTY STATS QUICK NUMBERS
LOCATION OF ADDRESSES BY MAP
EXTERIOR PICTURES OF EACH BUILDING
FLOORPLAN
POTENTIAL LAND FOR FUTURE DEVELOPMENT
PICTURES OF VACANT UNIT
FINANCIAL SUMMARY
PRO FORMA
PROJECTED PRO FORMA
ESTIMATED REPAIRS
COMPARABLE SOLD PROPERTIES
2017 SOLD DUPLEX PACKAGE
2015 SOLD DUPLEX ON SINCLAIR
2015 SOLD DUPLEX ON BEAUMONT
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GRANT WORTMAN 405-308-7509 [email protected]
EXECUTIVE SUMMARY
THE OFFERINGThe Wortman Realty Team, Metro Brokers of OK is proud to offer the opportunity to acquire the duplex package at Sinclair and Beaumont in Norman OK. This package consists of 24 duplex buildings, totaling 48 units. The property fills almost an entire city block. Situated between Boyd and Linsdey off of East 12th Street, it is only 1.9 miles from the OU campus. Directly across the street is a large campus housing apartment named Campus Lodge. It is in walking distance to numerous restaurants, shopping and parks.
Each duplex has approximately +/- 1224 SF per unit (per side), or +/- 2448 SF per building. Total rentable SF of +/- 58,752. Every property has the same or extremely similar floorpans, you enter the front door into the living room. A stairway is in front of you with a small hallway that opens to the half bath, kitchen and laundry room. Upstairs are two bedrooms with a jack and jill bath connecting the two. All units have HVAC systems.
The buildings were all built around 1978 and have the mansard style architecture where the roof comes all the way down to the ground.
The duplexes were purchased for 1.9 million in 2008. Since then the owner has spent another $300,000 in on the roofs alone, converting the flat roofs into pitched roofs. More has been spent on other renovations such as new carpet, HVAC, water heaters, tile flooring, etc in various units. 5 of the buildings have had the mansard style side roof/wall removed and replaced with siding to give a more traditional look. Many of the units have had the downstairs carpet replaced in recent years with tile floors.
Currently 27 of the 48 units are rented out. This is the lowest occupancy since the owner purchased the property. We attribute this to family crisis over the past 12 months. There are 21 vacant units. Of those 12 are about 95% move in ready or better.
One of the duplexes had a fire a few years back and needs to be rebuilt on the inside (sheetrock, floors, cabinets, etc…).
Two other buildings needs significant repair due to water leaks or bad tenants.
Based on previously sold comparable properties, we estimate the value of this duplex package to be $2,535,000. See Rent Roll and Comps for Details.
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GRANT WORTMAN 405-308-7509 [email protected]
INVESTMENT SUMMARY
ASKING PRICE $2,500,000
TERMS CASH
UNITS 48
YEAR BUILT 1978
NET RENTABLE AREA +/- 58,752 SF
AVERAGE SIZE PER UNIT +/- 1224 SF
OCCUPANCY 56%
RENTED 27
VACANT 21
VACANT UNITS 95% MOVE IN READY
12
BREAK EVEN POINT IF FINANCING 70%
31 OF THE 48 UNITS
AVERAGE RENT PER UNIT $663
AVERAGE RENT PER SF $0.54
INVESTMENT SUMMARY
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GRANT WORTMAN 405-308-7509 [email protected]
INVESTMENT HIGHLIGHTSUNIVERSITY OF OKLAHOMA
• In Fall 2016 the university had 31,250 students enrolled,[5] most at its main campus in Norman. Employing nearly 3,000 faculty members,[3] the school offers 152 baccalaureate programs, 160 master's programs, 75 doctorate programs, and 20 majors at the first professional level.[7][8] David Lyle Boren, a former U.S. Senator and Oklahoma Governor, has served as the university's president since 1994.
NORMAN
• Norman is a city in the U.S. state of Oklahoma 20 miles (30 km) south of downtown Oklahoma City in its metropolitan area. The population was 110,925 at the 2010 census.[1] Norman's estimated population of 120,284 in 2015 makes it the third-largest city in Oklahoma, and the city serves as the county seat of Cleveland County.
• In 2008, CNN's Money Magazine ranked Norman as the sixth best small city within the United States to live in.
• Other major employers in the city include Norman Regional Health System, Norman Public Schools, Johnson Controls, Griffin Memorial Hospital, Hitachi, Astellas Pharma Technologies, Albon Engineering, Xyant Technology, MSCI, Office Max National Sales Center, SITEL, the United States Postal Service National Center for Employee Development, Sysco Corporation, and AT&T.[45]
• The median household income in the city was $44,396, and the median income for a family was $62,826.[34] Males had a median income of $41,859 versus $35,777 for females.[34] The per capita income for the city was $24,586.[34] About 11.8% of families and 19.2% of the population were below the poverty line, including 18.9% of those under age 18 and 8.9% of those age 65 or over.[34]
POTENTIAL GROWTH AT DUPLEXES
• The property that the duplexes are built upon is zoned with the city of Norman as RM-2 which includes “apartment buildings containing four or fewer units. What that means is that there is potential down the road to convert some of the units from duplex to fourplex either by creating one bedroom efficiency units in the existing buildings, or by adding on to the buildings or replacing the buildings on the existing lots. As you look at the arial view of the property you’ll notice a handful of lots with extremely large lots. In my opinion these lots could easily be converted to be great money making fourplexes.
Notes taken from Wikipedia:
https://en.wikipedia.org/wiki/Norman,_Oklahoma#Economy
https://en.wikipedia.org/wiki/University_of_Oklahoma
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GRANT WORTMAN 405-308-7509 [email protected]
THE PROPERTY
RENT ROLL AND UNIT NOTES 1 OF 3Address Rented/
VacantCurrent Rent
Potential Rent
Est Value of Building
Notes Tax ID
1711 Beaumont
Vacant $0 $791 $115,000 Green one updated exterior. Upstairs sheetrock repair in back bedroom, paint and clean. $5000
R0030485
1709 Beaumont
Rented $791 $791 Sect 8 R0030485
1707 Beaumont
Vacant $0 $900 $90,000 Bad Shape, Mold at carport, AC Condenser gone, Boarded up back window. Full of stuff. Maybe $7k?. This one has a huge lot out back and is zoned for four up to a fourplex I believe. Could add on or tear down and rebuild a really great property here…
R0030484
1705 Beaumont
Vacant $0 $900 Bad Shape, Mold at carport, AC Condenser gone, Boarded up back window. Full of stuff. Maybe $7k?. This one has a huge lot out back and is zoned for four up to a fourplex I believe. Could add on or tear down and rebuild a really great property here…
R0030484
1703 Beaumont
Rented $700 $791 $110,000 New AC inside and out. Water leak at carport.
R0030486
1701 Beaumont
Rented $700 $791 Didn’t get to go inside R0030486
641 Sinclair Rented $750 $791 $110,000 R0030487
639 Sinclair Vacant $0 $791 Just had make ready done by Charlie Sons (paint, clean, new carpet being installed soon) $1700. Finished Aug 5 ?
R0030487
637 Sinclair NA $0 NOT PART OF THE PACKAGE, Different Owners. See MLS Comp Sheet for info of last sold.
NA
635 Sinclair NA $0 NOT PART OF THE PACKAGE, Different Owners. See MLS Comp Sheet for info of last sold.
NA
633 Sinclair Vacant $0 $791 $90,000 Small fire on one side. $20,000 R0030489
631 Sinclair Vacant $0 $791 New cabinets, paint, clean, etc. $10,000 R0030489
629 Sinclair Vacant $0 $900 $1l45,000 BEST ONE, All Remodeled, new carport, paint, new tile, carpet, etc… $0
R0030490
627 Sinclair Rented $650 $800 Rented for 25 YEARS. Older interior, part of the same great exterior that’s been renovated.
R0030490
625 Sinclair Rented $650 $791 $110,000 Needs, carpet, paint, clean, etc… R0030491
623 Sinclair Rented $550 $791 rented 10 years, nice guy. carport leaks R0030491
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GRANT WORTMAN 405-308-7509 [email protected]
621 Sinclair Rented $585 $791 $110,000 Section 8, Smoker, Nice place R0030492
619 Sinclair Rented $700 $850 Nice place R0030492
613 Sinclair Rented $700 $791 $105,000 didn't go inside? R0030493
611 Sinclair Rented $700 $791 pretty good, possible small leak from outside wall
R0030493
609 Sinclair Vacant $0 $800 $120,000 Ready to rent now, grayish blue, updated Ext at start of cul de sac. $0
R0030496
607 Sinclair Rented $700 $791 grayish blue one at start of cul de sac R0030496
605 Sinclair Rented $700 $791 $120,000 Teal building, updated ext. Good. Ac needs a bit of work.
R0030494
603 Sinclair Rented $600 $791 didn’t get to go inside. R0030494
519 Sinclair Vacant $0 $791 $110,000 Needs carpet. $1700 R0030495
517 Sinclair Rented $800 $800 Tiled inside. Clean. R0030495
515 Sinclair NA $0 NOT PART OF THE PACKAGE, Different Owners.
NA
513 Sinclair NA $0 NOT PART OF THE PACKAGE, Different Owners.
NA
511 Sinclair Vacant $0 $791 $110,000 Needs carpet. $1700 R0030499
509 Sinclair Rented $650 $791 Tiled floor downstairs R0030499
507 Sinclair Rented $600 $791 $110,000 R0030498
505 Sinclair Vacant $0 $791 Needs clean, and carpet repair. Finished Aug 5 ish. $500
R0030498
503 Sinclair Rented $593 $700 $110,000 Section 8, old carpet R0030500
501 Sinclair Rented $685 $791 Section 8, Tiled, Good place R0030500
500 Sinclair Rented $500 $791 $110,000 Tile and carpet in the last 3 years R0030501
502 Sinclair Rented $600 $791 Tiled downstairs R0030501
504 Sinclair Rented $689 $791 $125,000 Tile downstairs. Section 8. Bright Blue. Updated Ext. New Windows, Doors, Patios.
R0030502
506 Sinclair Vacant $0 $791 Nice Stained concrete downstairs. Move In Ready
R0030502
508 Sinclair Rented $600 $791 $95,000 wouldn’t let us go in. R0030503
510 Sinclair Vacant $0 $900 Storage. Trashed, roof leak, needs some sheetrock, carpet, paint, etc… $5000
R0030503
604 Sinclair Vacant $0 $791 $105,000 No carpet. Some mold at WH. No oven range. Rough shape. Finished Sep 1 ? $2500
R0030504
606 Sinclair Rented $648 $791 Section 8. Tiled downstairs R0030504
RENT ROLL AND UNIT NOTES CONT 2 OF 3
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GRANT WORTMAN 405-308-7509 [email protected]
608 Sinclair Vacant $0 $791 $80,000 Side ext wall fell off. Leak. $15,000 R0030505
610 Sinclair Vacant $0 $800 Has carpet. Exterior redo to match 608. Needs paint and clean and it's ready. $5000
R0030505
612 Sinclair Rented $700 $791 $110,000 Carpet downstairs- don’t mess with R0030506
614 Sinclair Vacant $0 $791 carpet downstairs is good, needs cleaning and bug killing. $500
R0030506
618 Sinclair Rented $650 $791 $110,000 Carpet downstairs. Nice. $0 R0030507
620 Sinclair Vacant $0 $791 Dirty. Needs small sheetrock repair. $500
R0030507
624 Sinclair Vacant $0 $900 $30,000 FIRE BUILDING. Just a shell. Needs $40k per side
R0030508
626 Sinclair Vacant $0 $900 FIRE BUILDING. Just a shell. Needs $40k per side
R0030508
630 Sinclair Vacant $0 $791 $105,000 Trashed. Moldy. Leaks. Needs $5000 R0030509
632 Sinclair Rented $700 $791 Carpet downstairs R0030509
TOTAL RENTED UNITS 27
TOTAL VACANT UNITS 21
VACANT BUT 95% MOVE IN READY 12TOTAL ACTUAL MONTHLY RENTS $17,891TOTAL POTENTIAL MONTHLY RENTS $38,626
TOTAL RENOVATION NEEDED TO RENT ALL UNITS INCLUDING FIRE BUILDING
$108,500 Rough numbers…
TOTAL BUILDINGS FOR SALE 24TOTAL EST VALUE BY BUILDING BASED ON SOLD COMPS
$2,535,000
AVG CURRENT MONTHLY RENT $662.62
AVG CURRENT RENT PER RENTED SQFT
$0.54
RENT ROLL AND UNIT NOTES CONT 3 OF 3
PROPERTY STATS - QUICK NUMBERS
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GRANT WORTMAN 405-308-7509 [email protected]
LOCATION OF ADDRESSES
1711 & 1709 BEAUMONT
1707 & 1705 BEAUMONT
1703 & 1701 BEAUMONT
641 & 639 SINCLAIR
633 & 631 SINCLAIR
629 & 627 SINCLAIR
625 & 623 SINCLAIR
621 & 619 SINCLAIR
613 & 611 SINCLAIR
609 & 607 SINCLAIR
605 & 603 SINCLAIR
519 & 517 SINCLAIR
505 & 507 SINCLAIR
501 & 503 SINCLAIR
502 & 500 SINCLAIR
506 & 504 SINCLAIR
510 & 508 SINCLAIR
509 & 511 SINCLAIR
604 & 606 SINCLAIR
608 & 610 SINCLAIR
612 & 614 SINCLAIR
618 & 620 SINCLAIR
624 & 626 SINCLAIR
630 & 632 SINCLAIR
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GRANT WORTMAN 405-308-7509 [email protected]
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GRANT WORTMAN 405-308-7509 [email protected]
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GRANT WORTMAN 405-308-7509 [email protected]
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GRANT WORTMAN 405-308-7509 [email protected]
FLOORPLAN
ROUGH SKETCH OF THE DOWNSTAIRS UNITS
ROUGH SKETCH OF THE UPSTAIRS UNITS
NOTE: A FEW BUILDINGS ARE SLIGHTLY OFFSET BUT THE LAYOUT IS ESSENTIALLY THE SAME.
SKETCH BASED ON COUNTY ASSESSOR SKETCH FOR ONE BUILDING. NOT REPRESENTATIVE OF EVERY FLOORPLAN BUT GENERALLY SIMILAR.
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GRANT WORTMAN 405-308-7509 [email protected]
POTENTIAL LAND FOR FUTURE DEVELOPMENT
As previously mentioned, the lots for several of the duplexes are very large and have unused land behind the buildings. The area is zoned to handle up to a fourplex. There is potential to build larger buildings on the existing land. See pics below.
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GRANT WORTMAN 405-308-7509 [email protected]
FINANCIAL SUMMARY
CURRENT PRO FORMA
Current Pro Forma As Of July 26 2017 Current Monthly Current AnnualIncome
Current Rent From the 27 Occupied Units $17,891.00 $214,692.0021 Units Are Currently VacantExpensesProperty Taxes $3,000.00 $36,000.00Insurance $1,916.67 $23,000.00Maintenance $3,000.00 $36,000.00
0Net Operating Income not including Debt Payment $9,974.33 $119,692.00
Projected Pro Forma Once Property Is Managed Well Current Monthly Current AnnualIncome
Gross Potential Rent from 48 Units $38,626.00 $463,512.00ExpensesProperty Taxes $3,000.00 $36,000.00Insurance $1,916.67 $23,000.00Maintenance $4,000.00 $48,000.00Vacancy Rate of 10% $3,862.60 $46,351.20Management Company Fee of 10% of Rented Units $3,476.00 $41,712.00Net Operating Income not including Debt Payment (60% expenses) $22,370.73 $268,448.80Estimated Debt Payment at Purchase Price of 2.5 Million $12,537.54 $150,450.48
$2.5 million with 30% down, $1.75 million financed20 year am, 6%
Estimated Profit once properly managed $9,833.19 $117,998.32Estimated Cap Rate (Annual NOI/$2,500,000) 10.7%
PROJECTED PRO FORMA
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GRANT WORTMAN 405-308-7509 [email protected]
ESTIMATED REPAIRS
See Rent Roll Notes for specific amounts needed per unit.
If you spent $5000 per unit that’s $240,000. But a lot of them don’t need that much in repairs. In fact many of the vacant and rented units are really quite nice with fresh paint, tile floors and newer carpet.
Based on our rough notes found on the rent roll, to fix up the units so they are ready to rent out it could take up to $108,500. This does include the fire building and the other two buildings with water issues. This does not include any outside renovations besides the one building that had the side fall off. You can see estimates needed per unit in the rent roll notes above. Many of these repairs are already under way and will be completed over the next few months.
Not including the fire building, we estimate somewhere around $30,000 would get the property up to speed and rent out every other unit.
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GRANT WORTMAN 405-308-7509 [email protected]
COMPARABLE SOLD PROPERTIES
Cross Property Agent Full w/Photos
MultiFamily Status: SoldMLS#: 756036 Type: DuplexAddress: 1309 Eastgate DR #1311, Norman, OK 73071Addition: East Lindsey Plaza 3 R List Price: $500,000Area: 325 County: Cleveland Close Price: $490,000Community: CP$/SF: $61.31Assess Accnt#: R0032462 LP$/SQFT: $62.56Land SqFt/Dim:Lot: 10 Block: 3 Acre:
Directions: East Lindsey & 12th Ave SE, South to Commerce Dr, East to Eastgate, Right on around to Hunter's Run, on North side
General InformationLevels: SF MOL: 7992 / Courthouse Disclosure: DisclaimerUnits: 6 Year Built: 1983 / Existing Foundation: SLABHSE: No Tax: $1,440.00 Bldg Design: OTHER,TRADTAssumable: No Park/Unit: Pk/Type: Concrete DriveHandicap: No Public Trans: FirePlace: 6 / MasonryLot Desc: Construction: Brick & FrameRoof Ty / Yr: Composition Bldr Name:Heat: Central Gas Cool: Central ElecRemarksPackage of 3 duplexes. Great opportunity to own a duplex close to OU and live in one side while renting the other. Great floor plan with large living, kitchen, and dining, and 1/2 bath down and 2 bedrooms with 2 full baths up plus 2 car garages! Nicely updated and all appliances stay. Rents for $875/side with no problem. Fully rented units available too!
SchoolsElem: Middle: High: Sch District: Norman
Investment InformationGross Inc: Operating Exp: Avg Occupancy:Gross Exp: Insurance: Packet Available:
Features: Private Entry, YardAppliances: Dishwasher, Refrigerator, Washer/DryerMisc Features:Beds:12 Full Baths:12 Half Baths:
Units InformationEfficiency Units: Monthly Rent: 2 Br Units: 2 Monthly Rent:1 Br Units: Monthly Rent: 3 Br Units: Monthly Rent:
Office and Showing InformationTerms: Sell FHA or VA LBox: MLS Key Internet: Yes / Yes / NoComp SB: 2.5%Show Instr: Showing Assist S Cond: None Occupied: Yes BSB:List Type: Exclusive Right to Sell Service Type: Full Service Var/Dual Rt: NoList Agent: WALYKERR/Wally Kerr List Broker: KTRE01/Kerr Team Real Estate Agent Phone: 405-321-8326 [email protected] Office Phone: 405-321-8326 Office Fax: 405-310-2000Agent Cell: 405-412-7360 Agent Fax: 405-310-2000 Office Web:Agent Web: http://www.wallykerr.comCo Agent PBMOORE/Patrick Moore Co Agent Phone: 405-659-2126 [email protected]
L/Ofc Remarks1309 is vacant but 1311 is tenant occupied. If you wish to see 1311, please call Patrick Moore at 659-2126 to arrange. EM checks made payable to title company of buyer's choice or trust account of selling broker. For info/contracts contact Patrick Moore at 659-2126 or [email protected]
Listing InformationList Date: 01/05/2017 DOM: 47 Pend Date: 02/21/2017 Expire Date:Original List Price: $269,900
Sold InformationOriginal List Price: $269,900 SF MOL: 7992 / Courthouse DOM: 47Closed Price: $490,000 Closed Date: 03/20/2017 CP$/SQFT: $61.31 Coop Sale: NoCP/LP: 0.98 Pend Date: 02/21/2017 LP$/SQFT: $62.56Sales Agent: KBACA/Kelley Baca Phone: 510-825-1207Sales Broker: STIL01/The Stiles Company Ofc Phone: 405-701-8005Loan Type: Conventional Loan Terms:Interest Rate: Lender: Loan Amt: Origination $:Appraiser Name: N/A Appraiser Ph: N/A Appraised SF::Seller Consessions:$5,380.00 Title Co: Unfinshed SF:Sold Remarks:Appraised SqFt: Unfinish SqFt:
This listing was approx .75 miles south of subject property. Same distance from OU as subject. Sold 3 Buildings, 6 Rooms for $490,000 ($61.31 per SQFT) on 3/20/17
2017 DUPLEX PACKAGE
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GRANT WORTMAN 405-308-7509 [email protected]
2015 DUPLEX ON SINCLAIR
635 & 637 Sinclair Dr - Front of Duplex 635 & 637 Sinclair Dr - Front Side View (Windows are being replaced)
635 & 637 Sinclair Dr - Underneath the Carport 635 Sinclair Dr - Front Door
635 Sinclair Dr - Entry Way 635 Sinclair Dr - Living Room
635 Sinclair Dr - Kitchen with door to patio 635 Sinclair Dr - Kitchen and Dining Area
MultiFamily Status: SoldMLS#: 725560 Type: DuplexAddress: 635 Sinclair DR #637, Norman, OK 73071Addition: Colonial Estates 8 List Price: $139,900Area: 325 County: Cleveland Close Price: $117,500Community: CP$/SF: $50.82Assess Accnt#: R0030488 LP$/SQFT: $60.51Land SqFt/Dim: 6,620Lot: Block: Acre: 0.152
Directions: From 12th E. and Boyed, Go S. on 12th to Beaumont, Go E on Beaumont to Sinclair, N. on Sinclair to property on E. side of street.
General InformationLevels: TWO SF MOL: 2312 / Courthouse Disclosure: DisclaimerUnits: 2 Year Built: 1977 / Existing Foundation: SLABHSE: Tax: $1,139.00 Bldg Design: TRADTAssumable: No Park/Unit: Pk/Type: Concrete DriveHandicap: Public Trans: FirePlace:Lot Desc: Construction: Brick & FrameRoof Ty / Yr: Composition Bldr Name:Heat: Cool:RemarksFantastic investment opportunity with this well-maintained and newly updated duplex. Each unit has 2 bedrooms and 1 and a half baths. The full bath is upstairs and jack and Jill style. The half bath downstairs and great for guest. Each unit has a private patio and plenty of parking. One unit is LEASED FOR $700 and the OTHER IS $650. $650. One is rented THROUGH JAN 2017 and the other THROUGH MAR 2017. New roof and siding in summer of 2016. New windows are being installed on the 2nd level of each unit.
SchoolsElem: Kennedy Middle: Irving High: Norman High Sch District: Norman
Investment InformationGross Inc: Operating Exp: Avg Occupancy:Gross Exp: Insurance: $1,200 Packet Available:
Features:Appliances: DishwasherMisc Features:Beds:2 Full Baths:1 Half Baths:2
Units InformationEfficiency Units: Monthly Rent: 2 Br Units: 2 Monthly Rent:1 Br Units: Monthly Rent: 3 Br Units: Monthly Rent:
Office and Showing InformationTerms: Cash, Sell FHA
or VALBox: MLS Key Internet: Yes / Yes / NoComp SB: 3%
Show Instr: Showing Assist S Cond: None Occupied: Yes BSB:List Type: Exclusive Right to Sell Service Type: Full Service Var/Dual Rt: NoList Agent: MITCHELLB/Mitchell Biesemeyer List Broker: CERE01/Weichert Realtors, Centennial Agent Phone: 405-360-0303 [email protected] Office Phone: 405-360-0303 Office Fax: 405-321-0606Agent Cell: Agent Fax: 405-360-0606 Office Web: www.weichertok.com
L/Ofc RemarksPlease give 24 notice if possible since both sides have tenants we have to coordinate with. Lockbox is on 635 but please knock before entering in case tenants are home.
Listing InformationList Date: 04/14/2016 DOM: 3 Pend Date: 04/17/2016 Expire Date:Original List Price: $139,900
Sold InformationOriginal List Price: $139,900 SF MOL: 2312 / Courthouse DOM: 3Closed Price: $117,500 Closed Date: 06/15/2016 CP$/SQFT: $50.82 Coop Sale: YesCP/LP: 0.84 Pend Date: 04/17/2016 LP$/SQFT: $60.51Sales Agent: LJTRACY/Linda J. Tracy-Ryburn Phone: 405-476-5319Sales Broker: TWIN02/RE/MAX Energy Real Estate Ofc Phone: 405-350-3031Loan Type: Loan Terms:Interest Rate: Lender: Loan Amt: Origination $:Appraiser Name: n/a Appraiser Ph: 0000000000 Appraised SF::Seller Consessions: Title Co: Unfinshed SF:Sold Remarks:Appraised SqFt: Unfinish SqFt:
This listing was in the same neighborhood/street of subject property. Sold in 2015. Same floorpan. Closed at $117,000 ($50.82 per SQFT)
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GRANT WORTMAN 405-308-7509 [email protected]
2015 DUPLEX ON BEAUMONT
Exterior Front. Front View Kitchen. Kitchen
Living Room. Living Room & Stairs Bathroom. Full Bathroom
Bedroom. Bedroom
Prepared By: Grant Wortman Information Is Believed To Be Accurate But Not Guaranteed
Date Printed: 02/06/2017
Copyright 2017 MLSOK, Inc. All Rights Reserved.
MultiFamily Status: SoldMLS#: 587979 Type: DuplexAddress: 1615 Beaumont Dr 1617, Norman, OK 73071Addition: Colonial Estates 8 List Price: $120,000Area: 325 County: Cleveland Close Price: $105,000Community: CP$/SF: $42.89Assess Accnt#: R0030511 LP$/SQFT: $49.02Land SqFt/Dim: 9,440Lot: Block: Acre: 0.210
Directions: South on 12th (77) from Alameda St, turn East(left) on Beaumont St. Then turn Northeast(left) on Beaumont Dr, house will be on the left hand side
General InformationLevels: TWO SF MOL: 2448 / Courthouse Disclosure: YesUnits: 2 Year Built: 1977 / Existing Foundation: SLABHSE: No Tax: $1,150.05 Bldg Design: TRADTAssumable: Park/Unit: Pk/Type: Concrete DriveHandicap: No Public Trans: FirePlace: 2Lot Desc: Construction: StoneRoof Ty / Yr: Tar & Gravel Bldr Name:Heat: Central Gas Cool: Central ElecRemarksGreat investment opportunity. Each has two beds and one and a half baths. Property includes large bedrooms, fireplaces, private patios, covered parking, newer roof, one new hot water tank, and new updated electrical panels. Units are metered seperately
Schools
Elem: Kennedy Middle: Irving High: Norman High School Sch District: Norman
Investment InformationGross Inc: Operating Exp: Avg Occupancy:Gross Exp: Insurance: Packet Available:
Features: Playground, Private EntryAppliances: Dishwasher, DisposalMisc Features:Beds: Full Baths:2 Half Baths:2
Units InformationEfficiency Units: Monthly Rent: 2 Br Units: 2 Monthly Rent: $600-$6301 Br Units: Monthly Rent: 3 Br Units: Monthly Rent:
Office and Showing InformationTerms: LBox: Internet: Yes / Yes / NoComp SB: 3.0%Show Instr: S Cond: Occupied: Yes BSB:
List Type: Exclusive Right to Sell Service Type: Not Applicable Var/Dual Rt: No
List Agent: JSTILES/JoAnne Stiles List Broker: STIL01/The Stiles Company Agent Phone: 405-701-8005 [email protected] Phone: 405-701-8005 Office Fax: 405-701-5843Agent Cell: 405-558-1945 Agent Fax: 405-701-5843 Office Web:
L/Ofc Remarks
Listing InformationList Date: 05/19/2015 DOM: 27 Pend Date: 06/15/2015 Expire Date:Original List Price: $120,000
Sold InformationOriginal List Price: $120,000 SF MOL: 2448 / Courthouse DOM: 27Closed Price: $105,000 Closed Date: 06/30/2015 CP$/SQFT: $42.89 Coop Sale: YesCP/LP: 0.88 Pend Date: 06/15/2015 LP$/SQFT: $49.02Sales Agent: CRALSTIN/Carey A. Ralstin Phone: 405-543-7266Sales Broker: MOKC01/Keller Williams Realty OKC Ofc Phone: 405-329-6976Loan Type: Loan Terms:Interest Rate: Unknown Lender: Loan Amt: Origination $:Appraiser Name: Appraiser Ph: Appraised SF::Seller Consessions:$0.00 Title Co: First American Title & Trust Company Unfinshed SF:Sold Remarks:Appraised SqFt: Unfinish SqFt:
This listing was in the same neighborhood/street of subject property. Sold in 2015. Same floorpan. Closed at $105,000 ($42.89 per SQFT). Very similar condition to subject.