309 N 1st Street,
McAlester OK, 74501
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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!
Details
| MLS# | 2312930 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1940 |
| Days On Site | 56 |
| Listing Provided By | Keller Williams SEOK | Jeremy Cowden |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 3,598 |
| Story(s) | 1 |
| Acreage | 0.31 |
| Water Front | Other |
Market Activity 74501
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Learn More About This Property
| Area Information | |
|---|---|
| State | OK |
| County | Pittsburg |
| City | McAlester |
| Zip Code | 74501 |
| Community Name | South McAlester |
| School District | McAlester Sch Dist (R2) |
| Elementary School | Emerson |
| Middle School | Parker |
| High School | McAlester |
| Listing VS Median (in South McAlester) | |
Price: $119,500 low | high Med: $149,900 SqFt: 3,598 low | high Med: 2,190 $ / SqFt: $33 low | high Med: $68 On Site: 56 low | high Med: 14.000000 Sourced by Back At You | |