108 S Osage St

What the listing says

?? Turnkey Side-by-Side Duplex Opportunity Mixed-Use Income Stream Fully Renovated ?? Address: 108 S. Osage St, Ponca City, OK 74601 (and identical twin next door) Price: $395,000 each Buy One or Both 25k under appraisal value Owner carry on 125k ?? Income Snapshot Duplex 1 Fully Long-Term Rentals Two 3BR/1BA units Both leased at $1,280/month Gross Income: $2,560/month ($30,720/year) Duplex 2 Mixed-Use Rentals Unit A: Long-term lease at $1,280/month Unit B: Airbnb, fully furnished 3BR, averaging $1,600/month, booked solid until September Gross Income: $2,880/month ($34,560/year) Package Total (Both Duplexes): Current Gross: $5,440/month ($65,280/year) Estimated Expenses: $1,000/month total ($12,000/year) Net Operating Income (NOI): $53,280/year Cap Rate: 6.66% (with current operations) Upside Potential: Converting additional units to Airbnb could push gross over $96,000/year. ?? Turnkey Renovations Everything Brand New Both duplexes have been gut-renovated with permits and warranties: New framing, drywall, electrical, plumbing (each unit has one exterior faucet as well), roof, windows, brick work, soffits, balcony, stairs, electrical panels, removed hazzardous trees and replaced fenceing. HVAC mini-splits (living room each bedroom) STAINMASTER PetProtect hardwood flooring tile All new kitchens: cabinets, countertops, appliances (LG stackable washer/dryer, fridge, microwave, dishwasher, range, garbage disposal) In-line water heaters, electric fireplaces, updated bathroom fixtures Tech upgrades: Ring doorbells front/back cameras, Wi-Fi extenders Passed city inspections, fully code-compliant ?? Location Advantage Walk to downtown, schools, churches, parks, RecPlex Gym, refinery, restaurants. Short 10-15 minute drive to hospital, grocery, Starbucks, Lowes, Walmart and nearest casino. 45 minute drive to nearest airport, university, major shopping malls. 1 hr and a half to Tulsa and Oklahoma City. Near major employers: city offices, hospital, refinery, several schools. Area supports high Airbnb occupancy many similar properties booking $2,800 /mo per unit ?? Investor Extras Full rent rolls and signed rental contracts available for serious buyers Flexible sale: Buy one duplex or both for a 4-unit portfolio Perfect blend of stable long-term cash flow and higher-yield short-term rental upside ?? Call today to schedule a viewing furnished Airbnb unit ready to generate income from Day 1! Based on recent Airbnb market data for Ponca City, typical short-term rental listings in the area charge an average daily rate around $87 and have a median occupancy rate of 61%. Many of these nearby rentals offer fewer amenities compared to my duplex, yet they consistently achieve good booking levels throughout the year.