502 W Broadway ST Altus, OK 73521
3 Beds
3 Baths
2,766 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $69
MLS Listing ID OKC1241047
Style Traditional
Bedrooms 3
Full Baths 3
Construction Status Frame
Year Built 1940
Annual Tax Amount $1,464
Lot Size 6,987 Sqft
Acres 0.1604
Property Sub-Type Single Family Residence
Property Description
Investors—don't miss this income-producing opportunity at 502 W. Broadway in Altus, Oklahoma! This unique property features four rentable units: three apartments plus a detached single-family residence, providing multiple income streams from one property.
The three apartments have been recently renovated and are currently tenant-occupied, generating approximately $1,500/month in rental income ($500 per unit) and providing immediate cash flow. The main residence offers additional upside and could potentially rent for approximately $1,000/month, bringing the property's potential gross rental income to approximately $2,500/month or $30,000 annually.
The property includes one attached 1-bedroom, 1-bath apartment and two detached apartments, offering diversified rental income and flexibility for investors. The main house could be rented, owner-occupied, or utilized as an additional value-add opportunity.
Conveniently located near downtown Altus, shopping, dining, and amenities, with proximity to Altus Air Force Base, this property offers an attractive combination of existing cash flow, recent renovations, and additional income potential.
A great opportunity to add a renovated, income-producing property to your portfolio. Schedule your showing today!
Location
State OK
County Jackson
Interior
Heating Gas
Cooling Central Elec
Fireplaces Number 1
Fireplaces Type Gas Log
Fireplace Y
Exterior
Exterior Feature None
Roof Type Composition
Private Pool false
Building
Lot Description Other
Foundation Slab
Architectural Style Traditional
Level or Stories Two
Structure Type Frame
Construction Status Frame
Schools
Elementary Schools Altus Es
Middle Schools Altus Jhs
High Schools Altus Hs
School District Altus
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