NOT LISTED FOR SALE

203 Hopkins Ave Poteau, OK 74953

-- Bed
-- Bath
3,600 Sq Ft
0.96 Acres

Last Sold June 24, 2024

Last sale price $395,000 $110 Per Sq Ft

34 Days on Market

Highlights

  • 0.96 Acre Lot
  • Property is near a park
  • Brick or Stone Mason
  • Poteau Primary Elementary School Rated A-
  • Corner Lot
  • Cooling Available

About This Home

As of June 2024

Investment Opportunity: 203 Hopkins Ave, Poteau, OK Multi-Family Residence


Investors take note: 203 Hopkins Ave is a remarkable opportunity in Poteau, OK. This multi-family property has 8 units rented for $500/month on 12 month lease. Each of these units offer 2-bedroom, 1 bathroom, approximately 450 sq. ft., Oven Range, Refrigerator, AC/Heat split unit, electric water heater, and combination of carpet and vinyl flooring.

Key Highlights:
Excellent Cash Flow Potential: With a strong occupancy history, this property promises a stable income stream.

Desirable Location: Situated on the corner of Hopkins and Folsom St, less than a mile from the Poteau High School and Broadway (main street through Poteau), this property is near all your major conveniences including shopping, hospitals, clinics, restaurants and more, the location attracts a consistent rental market and assures high demand.

Additional Lot: The property comes with additional acreage, leaving room for expansion of the apartments or whatever your imagination could think of.

Turnkey Units: Each unit features Oven Range, Refrigerator, AC/Heat split unit, electric water heater, and combination of carpet and vinyl flooring.

Well-Maintained Building: Pride of ownership shows in the well-maintained exterior and common spaces.

Additional Advantages:
On-site amenities including parking lot for tenants.
Proximity to major employment centers and economic hubs
User-friendly lease terms encourage long-term tenancy.
Meticulously landscaped grounds, providing an attractive setting for residents.
This property is not just a building; it's a stable asset offering both immediate returns and long-term value appreciation. Whether you're expanding your portfolio or stepping into multi-family investments, this asset presents a strategic acquisition in a growth-oriented market.
To schedule an exclusive property tour or for more information call us today!

Last Agent to Sell the Property

Brian Minks

Shockley-Cooper Realty & Auctions License #208637 Listed on: 03/28/2024

Last Buyer's Agent

NON MLS Fort Smith

NON MLS License #0

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,329

Year Built

  • Built in 1965

Lot Details

  • 0.96 Acre Lot
  • Corner Lot

Home Design

  • Brick or Stone Mason
  • Slab Foundation
  • Shingle Roof
  • Architectural Shingle Roof
  • Masonite

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Range with Range Hood

Flooring

  • Carpet
  • Vinyl

Parking

  • Driveway
  • Parking Lot

Location

  • Property is near a park
  • Property near a hospital
  • Property is near schools
  • City Lot

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 4, 5, 6 / 52
  • Assessor Parcel Number Q001-00-052-000-0-004-00

Community Details

Overview

  • 8 Units
  • Poteau Main Town Subdivision

Recreation

  • Park

Additional Features

  • Shops
  • Gross Income $48,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,329

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Reso Property Sub Type: Apartment
  • Prop. Type: Residential
  • ResoLotFeatures: Corner Lot, City Lot, Near Park
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: O22091
  • ResoSpecialListingConditions: None
  • Subdivision Name: Poteau Main Town
  • Directions: 203 Hopkins Ave, Poteau, OK 74953
  • Carport Y N: No
  • Reso Flooring: Carpet, Vinyl
  • Garage Yn: No
  • Unit Levels: Two
  • Reso Roof: Architectural, Shingle
  • Year Built: 1965
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Apartment,Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Some Electric Appliances, Electric Water Heater, Range, Refrigerator, Range Hood
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Fencing: None
  • Acres: 0.9642
  • Construction Type: Brick, Masonite
  • Exterior Features: Concrete Driveway
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Other
  • HeatingYN: Yes

Condo/Co-op/Association

  • Community Features: Near Fire Station, Near Hospital, Near Schools, Park, Shopping

Schools

  • Junior High Dist: Poteau

Lot Info

  • Lot Dimensions: Irregular
  • ResoLotSizeUnits: Acres
  • Parcel #: Q001-00-052-000-0-004-00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 8
  • Number Of Units Total: 1
  • Annual Gross Income: 48000.0

Tax Info

  • Tax Annual Amount: 2329.0
  • Tax Block: 52
  • Tax Lot: 4, 5, 6

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $395,000 -1.0% $110 / Sq Ft
05/02/2024 05/02/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $399,000 -- $111 / Sq Ft
Source: Western River Valley Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western River Valley Board of REALTORS®

MLS Number: 1071431