RENTAL INCOME PROPERTY – HOME PLUS 48 STORAGE UNITS

205th Ave, Poteau, Oklahoma, 74953

Photos

Map

* FOR SALE

$342,000

MLS: 35018-82730

6 Acres

2,000 SqFt

4 beds

2 baths

What You Should Know

  • COMMERCIAL PROPERTY FOR SALE

  • 48 STORAGE UNITS

  • 4 BED MOBILE HOME RENTAL

  • 16 PARKING SPACES UNDER FENCE

  • HANDY TO FT. SMITH & POTEAU

  • SCENIC MOUNTAIN VIEWS

  • LOTS OF POTENTIAL

  • HANDY TO STATE HWY 112

Why You'll Love It

LOCATION:  Central Eastern Oklahoma in LeFlore County at the NE edge of the city of Poteau and about 20 feet of State Highway No. 112.  This property borders along 205th avenue about 600 feet.  Walmart Super Center is about ¼ mile. 

LAND:  Approximately 6 acres of land (the exact amount to be determined by survey when sold).  The land is level and is the site of a double wide 2006 mobile home and 48 rental storage units.  About 40% of the land area is currently used with about 60% available for future development.  This would be a nice location for several homes, duplexes or apartments.

SERVICES:  Rural water, electric, telephone, school bus route, mail route and trash pickup.  Poteau police and fire department protection.

 

BUILDINGS:

 

  1.  Rental mobile home – the home was placed on this property new in 2006.  The home is in good condition, permanently tied down with skirting, has 2,000 s.f. of heated living area with 4 bedrooms, 2.5 baths and has a large deck at the rear of the home.  The owner reports the new cost of the home when purchased was $90,000.  He is willing to remove the mobile home and reduce the price of the entire property by the sum of $50,000.
  2. Metal storage building/shop – the building is 24 x 48 with a cement floor, one overhead door and one outside passage door.  It has electric service.  Constructed new in 1998.
  3. Storage rental units – 48 in all have various sizes as per the list attached and as per the rent schedule shown.  The units are surrounded by a security fence with an electric gate to be used by tenants.  The fenced area is about 2.5 acres in size.

 

RENTAL INCOME FROM BUILDINGS:

  1.  Mobil home rental =                                                $   750 mo
  2.  48 storage units if 100% full =                                   2,395 mo.

      3.    16 parking spaces under security fence (16 x $25) =   400  mo

      4.    Shop building =                                                            150  mo

      Gross monthly income 100% occupancy………………$3,295 mo

 

TAXES:  Estimated to be about $2,000 per year.

 

PRICE:  $342,000

 

COMMENTS:  Lots of opportunity with this prime city-edge acreage.  Good rental income potential with lots of additional land to still be utilized.  If you want a nice home to live in and enjoy regular monthly income from rental storage units this property offers that a much more.  There are 4 or 5 very nice home-sites all with scenic views of the Cavanal mountains and just minutes from all shopping convenience in the city of Poteau. 

 

Where You'll Find It

  • Street Address: 205th Ave
  • City: Poteau
  • State: Oklahoma
  • County: Le Flore

Map View

Video Tour

Jim Mixon

Agent