1306 E 2nd Street

Tulsa, OK 74120

About this property

All 1 bedroom units around 450 sqft per unit. 2 units have washer and dryer hookups and rent for $25 more per unit. There is a shared laundry in the hallway for the other 4 units that is card operated that a 3rd party company owns and building gets 50% of profits from. Building was completely remodeld in 2019 all the way to the studs. All new electric, all new floor joist, all new sub floor, all new plumbing (water and sewer), all new fixtures, new roof, new vinyl siding, new windows. They are simple units and tend to stay full. The building did have severe foundation issues. A structural engineer was hired and it was repaired to his specs. They were not able to completely get rid of some of the deflection in the floor, primairly on the 2nd story. It has not caused any problems with renting it out and is not completely uncommon in buildings of that age. Very close to downtown shopping and desirable location. Next to peoria where Tulsas bus rapid transit is. the city has offered a ton of incentive for businesses to develop peoria as part of that plan. Owner is selling because they have moved into larger assets. Owner/broker

About this property

All 1 bedroom units around 450 sqft per unit. 2 units have washer and dryer hookups and rent for $25 more per unit. There is a shared laundry in the hallway for the other 4 units that is card operated that a 3rd party company owns and building gets 50% of profits from. Building was completely remodeld in 2019 all the way to the studs. All new electric, all new floor joist, all new sub floor, all new plumbing (water and sewer), all new fixtures, new roof, new vinyl siding, new windows. They are simple units and tend to stay full. The building did have severe foundation issues. A structural engineer was hired and it was repaired to his specs. They were not able to completely get rid of some of the deflection in the floor, primairly on the 2nd story. It has not caused any problems with renting it out and is not completely uncommon in buildings of that age. Very close to downtown shopping and desirable location. Next to peoria where Tulsas bus rapid transit is. the city has offered a ton of incentive for businesses to develop peoria as part of that plan. Owner is selling because they have moved into larger assets. Owner/broker

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$375,000 Active
2,473 SQFT

Presented By Coldwell Banker Commercial Select

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Get in touch today! Phone: 1-405-348-7900
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The Investors Broker
1-918-694-0508
Listed By Corbin Marcotte
Brokerage: The Investors Broker

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