703 & 711 NW Oak, Cache, OK 73527

$500,000
List Price
$500,000
Days on Market
116
Status
ACTIVE
MLS#
154117
Lot Size (Acres)
1.3
Style
1 Story
Year Built
1987

Property Description

Investment opportunity in Cache, OK known as the “gateway of the Wichita Mountainsâ€Â. The $500K price includes 11 acres (mol) with 8.25 acres zoned Commercial beginning just North of the SE exchange between Hwy 115 and hwy 62 and from there runs East sandwiched between oak street and highway 62. This investment package consists of 3 parcels with a potential combined monthly cash flow of $5,300 month described as follows: 711 NW Oak and 703 NW Oak: Corner lot at Hwy 115 (8th street) and Oak street of 1 acre (mol) zoned R-3 according to the City of Cache with 3 buildings: 711 is a 3 bedroom 2 bath brick home renting for $1,000 month. Next is a 2 car garage/metal shop. 703 is a 3 bedroom, 2 bath mobile home. All appear in good serviceable condition. 701 NW Oak: Vacant lot with 1.3 acres (mol) zoned R-3 according to the City of Cache. 505 NW Oak: 8.25 acres (mol) zoned Commercial according to the City of Cache. This parcel consists of 12 mobile home bays – 7 which are currently rented at $100 each monthly; a 8 unit brick apartment complex appears in good serviceable condition with potential rental income of $3,600 month; a uninhabitable house and the remainder is pasture land.

Additional Information

Area
Cache
Taxes
$1,722
Flooring
Carpet Full, Ceramic Tile
Financing
Conventional, Cash
Heating
Central
Cooling
Central
Roof
Composition
Sewer
City
Elementary School
Cache
Middle School
Cache
High School
Cache Sr Hi

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Listing courtesy of CAPUCCIO DREAM HOMES REALTY.