Seminole OK Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- 6,780
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.86 Acres
- Year built:
- 1982
- Baths:
- 8.00
- MLS#:
- 1108797
- Subdivision:
- J-wolf
ADDITIONAL INFORMATION
Investors look: 8 rental units. 4 units are 2 bed and 4 units are 1 bedroom. ( if at full capacity) Rent Potential at 100% occupancy is $53,900. Rent at 80% occupancy is $42,900. Estimated annual expenses. Property tax $1,000: Property Insurance $4,300: Utilities $7,500 : Repairs and Misc $7,000 for a total of $19,800. Net Income after expense is $23,100. 10% cap Rate value indicates value of $231,000. Market value based on comp value is quite different(Less). Borrowing Scenario. $150,000 loan 15 years @ 8% would have a monthly payment of $1,435 a month or $17,220 annually versus net income of $23,100 which provides an attractive debt coverage ratio. **This info is an estimation of taxes, insurance, rent & occupancy rates. EASY TO SHOW
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Seminole Real Estate
The median home value in Seminole, OK is $156,750. This is higher than the county median home value of $86,300. The national median home value is $338,100. The average price of homes sold in Seminole, OK is $156,750. Approximately 43.97% of Seminole homes are owned, compared to 37.59% rented, while 18.44% are vacant. Seminole 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 Seminole real estate agent to arrange a tour today!
Seminole, Oklahoma has a population of 7,131. Seminole is more family-centric than the surrounding county with 30.15% of the households containing married families with children. The county average for households married with children is 29.57%.
The median household income in Seminole, Oklahoma is $34,375. The median household income for the surrounding county is $40,190 compared to the national median of $69,021. The median age of people living in Seminole is 33.1 years.
Seminole Weather
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 27.8 degrees. The average rainfall is approximately 42.3 inches per year, with 4.3 inches of snow per year.