Property Description

Fully leased 5-plex near downtown Durant with immediate cash flow and clear value-add upside. The main structure is a triplex offering three 2 bed / 2 bath units with 3,378 sq ft (courthouse data / main structure only) and recent minor updates including fresh paint and replaced countertops. A separate detached wood-frame building was fully remodeled in 2024 with a new roof and shingles, new metal siding, new windows, upgraded/replaced framing as needed, and new water and drain lines, plus insulation, drywall, flooring, cabinets, and fully updated tile baths/showers. The detached building includes two additional units: a 1 bed / 1 bath downstairs and a 1 bed / 1 bath upstairs with an exterior staircase. Washer/dryer hookups are reported in all units, including both detached apartment units. All five units are currently leased with $2,950/month in gross rents on a mix of month-to-month and 12-month lease agreements. Each unit is individually metered and tenants pay their own utilities. Corner lot setting with alley access along the west boundary and partial gravel off-street parking, plus ample additional parking options for tenants and guests. Convenient location near downtown, local schools, parks, and the Durant Boys & Girls Club. Strong 'buy-and-hold asset today with an opportunity to renovate the triplex units over time and increase rent value while maintaining occupancy.

Property Features

Local Schools