1206 Bixby StArdmore, OK 73401

Property Details for 1206 Bixby St

Year built

1935

Property size (Sq ft)

2,237 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a four-plex located in the highly sought-after southwest Ardmore area. The portfolio comprises four single-family rental properties totaling 2,237 square feet on a 7,405 square foot lot. Built in 1935, this two-story property currently generates a substantial monthly income of $6,000. Individual units offer varying layouts and rental rates: one 2-bedroom, 1-bathroom unit rents for $1,400; another 3-bedroom, 2-bathroom unit commands $1,600 per month; and two additional units, each with 3 bedrooms and 2 bathrooms, also rent for $1,400 and $1,600 respectively. The properties are situated on adjacent lots, offering convenience and potential for future development or synergy. This turnkey investment is priced at $675,000, representing a compelling price per square foot of $301.74. The strong rental history and desirable location make this a rare opportunity for investors seeking immediate cash flow and long-term appreciation in a stable market. This is a fantastic opportunity to acquire a proven income-generating asset in a thriving area.

Location Insight

City

Ardmore

County

Carter

State

Oklahoma

Latitude

34.1717

Longitude

-97.1438

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