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113 W 3rd Street, Grove, OK 74344 (MLS# 24-1007)

113 W 3rd Street, Grove, OK 74344

$815,000

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Property Type: MultiFamily Status: Closed

Current Price: $815,000 List Date: 5/28/2024 Last Modified: 12/02/2024

Description

Historic 13-unit apartment complex in downtown Grove, OK at Grand Lake O' the Cherokees! This 3 story complex has been updated throughout with good quality, low-maintenance finishes that will last. The property features an on-site laundry room with 2 sets of newer coin-operated machines, Secured keyless entry doors, newer windows and TPO roof with warranty & several new HVAC units. All units have independent electric meters. Secured mailbox located in lobby for each unit. Steel entry doors. Walking distance to all downtown dining & shopping!! Great investment opportunity with owner finance available!

Supplements: Seller will provide terms with 30% down, 7.5% interest, 3-5, year balloon, will do interest only or principal plus interest amortized up to 30. 7 of the 13 units have been completely gutted and redone. The other 6 units have been updated. The entire common area has been updated to a modern clean look. Approx. 11 of the 13 a/c units have been completely replaced. The seller performs background checks on every tenant and screens each tenant personally, creating a harmonious balance in the building. The building is located right in the Heart of downtown Grove. Walk to all the boutiques, restaurants & coffee shops!! The seller easily operates the building remotely and has great vendors who know the building well for electrical, plumbing, roofing, HVAC, locksmith, washer/dryer, etc.

More Information MLS# 24-1007

Property Information

Water Front/View: None Realtor.com Type: Multi-Family Style: 2 - Apartment Building Stories: 3 Year Built Source: Other Color: White

General Information

Agency Type: Exclusive Right To Sell Current Price: $815,000 Status: Closed Begin Date: 2024-05-17 Under Contract Date: 2024-10-01 Sold Date: 2024-10-30 Sold Price: $815,000

Location, Taxes & Legal

Country: USA Taxes: 3015 Tax Year: 2023 Schools: Grove Legal: GROVE ORIGINAL LOTS 7,8,9, & 10 BLK 18 LESS BEG SE COR LOT 7, N 52', W 17.3', S 5', W 7.9', S 47', E 25' TO BEG 2265-66 911-PropertyAddress: 113 W 3rd Street Grove OK 74344 Directions: On 3rd across from Community Center

Unit Info

One Bedroom Units: 10 Two Bedroom Units: 3

Income/Expense

Gross Rent: 8020

Features

Coin Laundry: 1 Handicap Access: 1 Security System: 1

Owner Pays

Sewer: 1 Trash Collection: 1 Water: 1

Heating Type

Central Furnace: 1

Heating Fuel

Electric: 1

Air Conditioning

Central: 1

Construction

Rock: 1 Siding: 1 Color: white

Water

City Water: 1

Sewer

City Sewer: 1

Foundation Type

Slab: 1

Location Taxes Legal

House Number: 113 Street Direction Pfx: W Street Name: 3rd Street Suffix: Street State/Province: OK Postal Code: 74344 County: Delaware Subdivision: Grove-Original Account #: 210039700

Property Features

Features: Coin Laundry; Handicap Access; Security System Owner Pays: Trash Collection; Water Heating Type: Central Furnace Heating Fuel: Electric Air Conditioning: Central Water: City Water Sewer: City Sewer Construction: Rock; Siding Foundation Type: Slab

Listing Office: Keller Williams Realty Grand Lake

Last Updated: December - 02 - 2024

Information deemed reliable but not guaranteed.