Renovated Quadplex - Value-Add Opportunity with Strong Income Potential! Excellent opportunity to acquire a fully renovated quadplex with all 4 units currently occupied, providing immediate rental income from day one. Each unit features an identical 1-bedroom, 1-bathroom layout and has been updated between 2024-2025. Units are currently rented at $500/month, with clear potential to increase rents to approximately $600/month, offering built-in upside for the next owner. Major improvements include a new roof (2019) and new water heaters (2025), helping reduce future maintenance concerns. The owner pays for water, while tenants cover their own electric and gas, keeping operating expenses efficient. This property presents a solid, income-producing asset with room for growth-ideal for investors looking to expand their portfolio or take advantage of rental upside. Current rent roll and expense details available upon request. Schedule your showing today and explore the potential of this quadplex!
| MLS # | 2619211 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1925 |
| Days On Site | 86 |
| Listing Provided By | RE/MAX Results | David Fletcher |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 1,953 |
| Garage | 4 |
| Story(s) | 1 |
| Acreage | 0.25 |
| Lot Features | Corner Lot, Other |
|---|
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Detached, Garage, Other |
| Tax Annual Amount | 183 |
|---|
| Community Features | Sidewalks |
|---|
| State | OK |
|---|---|
| County | Kay |
| City | Ponca City |
| Zip Code | 74601 |
| Community Name | Lynchville |
| Listing VS Median (in Lynchville) | |
Price: $125,000 low | high Med: $125,000 sqft: 1,953 low | high Med: 1,953 $ / sqft: $64 low | high Med: $64 On site: 86 low | high Med: 86 | |
| State | OK |
|---|---|
| County | Kay |
| City | Ponca City |
| Zip Code | 74601 |
| Community Name | Lynchville |
| Listing VS Median (in Lynchville) | |
Price: $125,000 low | high Med: $125,000 sqft: 1,953 low | high Med: 1,953 $ / sqft: $64 low | high Med: $64 On site: 86 low | high Med: 86 | |