Investment Opportunity in Elk City, Oklahoma. Searching for an investment property or looking to expand your rental portfolio? Look no further than this duplex located in Elk City, Oklahoma. This property presents an excellent opportunity for investors and landlords seeking to capitalize on Elk City's strong rental market. This duplex offers approximately 1,260 square feet of living space between the two units. This Beckham County, OK property includes 2 units with one containing 1 bedroom and 1 bathroom and the other containing 2 bedrooms and 1 bathroom. Each unit has access to a one car garage. Families are drawn to the area's reputable school districts and the small-town charm Elk City provides. Not only is this property move-in ready, but it also offers incredible potential in an area where demand for rentals is high. This property is being sold as-is, ready for your renovations and updates to maximize rental income potential. Whether you're an out-of-state investor or a local landlord, this opportunity is ideal for expanding your rental portfolio. Properties in this price point rarely last long in the Elk City, OK market. Act now to make this duplex yours. Please contact our office for more information or to schedule a showing.
The median home value in Elk City, OK is $169,000. This is higher than the county median home value of $94,500. The national median home value is $219,700. The average price of homes sold in Elk City, OK is $169,000. Approximately 48.28% of Elk City homes are owned, compared to 25.18% rented, while 26.54% are vacant. Elk City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elk City real estate agent to arrange a tour today!
Elk City, Oklahoma has a population of 12,236. Elk City is more family-centric than the surrounding county with 38.53% of the households containing married families with children. The county average for households married with children is 37%.
The median household income in Elk City, Oklahoma is $56,754. The median household income for the surrounding county is $49,625 compared to the national median of $57,652. The median age of people living in Elk City is 34 years.
The average high temperature in July is 92.8 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 28.6 inches per year, with 8.3 inches of snow per year.