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309 n 1st street

McAlester, OK 74501

3 BEDS 1-Full BATH
0.31 AC LOT
Residential - Single Family
Image 1
Bedrooms 3
Total Baths 1
Full Baths 1
Acreage 0.31
Status Off Market
MLS # 2312930
County Pittsburg
More Info
Category Residential - Single Family
Status Off Market
Acreage 0.31
MLS # 2312930
County Pittsburg
Opportunity Knocks: Transform this 10-Bedroom Multi-Unit Property in McAlester, OK! Attention investors, flippers, or those seeking a unique project to conquer! Grab your toolbelt and head to 309 N 1st St, where you'll find 5 units across 4 structures, including a duplex and three single-family homes, all on a single, spacious lot. The property is just a short walk away from downtown McAlester, shopping, dining, and local attractions. Unit Details: Unit 1: 2-bedroom, 772 sqft single-story home. Unit 2: 1-bedroom, 560 sqft single-story home. Unit 3: 3-bedroom, 1036 sqft single-story home. Unit 4 (Duplex): 4-bedroom, 1230 sqft single-story duplex. Currently, 3 of the 5 units are rented out, generating a solid income stream of $1,300 per month, which is below market value. The other two distressed properties are ready for your expertise to revive them and maximize their rental potential. In total, there are 10 bedrooms on the property, with 7 of them being in liveable condition. This unique investment opportunity is perfect for those who appreciate the appeal of small-town living. McAlester is just minutes away from shopping, dining, and local attractions. With some elbow grease, this property could become an exceptional income-generating investment for both seasoned and first-time investors. Please note that this property is being sold in "as-is" condition. Don't miss your chance to transform this diamond in the rough into a shining example of a multi-unit property. Schedule a private showing today and discover the potential of this amazing investment! Owner is an Oklahoma-licensed real estate agent. I do not have interior photos of the rented units. Shown by appointment only!
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Listing
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Satellite

Exterior Features

  • Style Craftsman
  • Construction Wood Frame
  • Siding Asbestos, Wood
  • Garage No
  • Water City
  • Lot Description Additional Residence

Interior Features

  • Appliances Range/Oven, Refrigerator
  • Heating 3+ Units
  • Cooling 3+ Units
  • Basement None
  • Year Built 1940
  • Stories 1

Neighborhood & Schools

  • Subdivision South McAlester
  • School Disrict McAlester Sch Dist (R2)
  • Elementary School Emerson
  • Middle School Parker
  • High School McAlester

Financial Information

    Listing Information

    Properties displayed may be listed or sold by various participants in the MLS.