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325 S Palm Street

Ponca City, OK 74601

About this property

Turn-key investment opportunity with immediate cash flow. This 1925 bungalow blends original character with recent updates - new flooring throughout, updated PEX plumbing, fresh paint, and a functional, light-filled floorplan with an electric fireplace. A covered front porch and generous backyard add curb appeal and outdoor space for tenants to enjoy. Central heat and air, gas range, and a full appliance package keep the unit low-maintenance.Currently leased with a reliable tenant in place at $1,100/month - a gross annual return of roughly 12.7% on the list price, day one. No vacancy gap, no lease-up costs; step into an income-producing asset in the Ponca City school district (Lincoln ES / Ponca City West MS / Ponca City HS).

About this property

Turn-key investment opportunity with immediate cash flow. This 1925 bungalow blends original character with recent updates - new flooring throughout, updated PEX plumbing, fresh paint, and a functional, light-filled floorplan with an electric fireplace. A covered front porch and generous backyard add curb appeal and outdoor space for tenants to enjoy. Central heat and air, gas range, and a full appliance package keep the unit low-maintenance.Currently leased with a reliable tenant in place at $1,100/month - a gross annual return of roughly 12.7% on the list price, day one. No vacancy gap, no lease-up costs; step into an income-producing asset in the Ponca City school district (Lincoln ES / Ponca City West MS / Ponca City HS).

Features and Additional Information

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$97,000 Active
3 Bed(s)
1
 Bath
1,195 sqft
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Presented By Mindy Wagner - Katie DeGarmo Wagner Legacy Group

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Get in touch today! Phone: 1-316-722-0030
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Brokerage
Chinowth & Cohen
1-405-330-0031
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Area Information

Kay | Kay County |

$ 97,000
This listing is play_arrow 1.0% higher than the average in the area
$ 96,000 in the area
1,195 SqFt
This listing is play_arrow 41.4% smaller than the average in the area
2,041 SqFt in the area
$ 81 $/SqFt
This listing is play_arrow 42.3% more than the average in the area
$ 57 $/SqFt in the area
246 days on site
This listing is play_arrow 24.6% above the average in the area
198 days on site in the area

Schools in the Area

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    Elementary School
    Lincoln ES
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    Middle School
    Ponca City West MS
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    High School
    Ponca City HS

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Listed By Aubrey Noblitt
Brokerage: Chinowth & Cohen

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