TITLE:
INCOME PROPERTY IN REDEVELOPING AREA
CONTROL:
Exclusive
VALUE:
$1,900,000
LOAN:
$0
EQUITY:
$1,900,000
TYPE:
Office Building
HAVE:
100% leased office property in Oklahoma City. Located is the redevelopment area of North Classen Blvd.
10,000 sq ft. Partial Net Leases. NOI is $112,246. Owner finance available at 4.5% interest!
ADDRESS:
1217-1223 North Classen Blvd, Oklahoma City, Oklahoma
BENEFITS TO NEW OWNER:
Cash Flow in appreciating area. Owner financing at below market rates.
GROSS SCHEDULED INCOME:
$146,935 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$146,935
EXPENSES:
$34,688
NOI:
$112,247
DEBT SERVICE:
$0
CASH FLOW:
$112,247
CAP RATE:
5.91%
BENEFITS SOUGHT:
Move on to next deal
CAN ADD:
Some cash
REMARKS:
Owner financing available at 4.5% interest.
COUNSELOR:
Bill Richert
Richert Properties, Inc.
P.O. Box 2352
Tulsa, Oklahoma, 74101
